Fitch Solutions projects 27.9% drop in US coal production by 2028

摘要

Falling coal prices, rising operational costs and increased pressurefrom natural gas and renewable energy resources will push coal minersout of the market and reduce US coal production volumes another27.9% by 2028 compared to 2019 estimated production, according toFitch Solutions Macro Research, a product of Fitch Solutions.Coal production is expected to decline to 680 million tons in 2019before falling to 490 million tons by 2028, Fitch Solutions wrote.Already, the sector has witnessed numerous bankruptcy courtrestructurings due to competitive pressure from other energy sourcesin the U.S. and a recent weakening in demand for coal overseas.