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Stock impact report

Top Coal Importing Country in the World [Yahoo! Finance]

Peabody Energy Corporation (BTU) 
Last peabody energy corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Coal is one of the most commonly used fossil fuels all over the world with its uses ranging from electricity generation to steel making. Despite understanding its adverse implications for the environment, its importance does not seem to be decreasing. The global coal mining market was valued at $648.04 billion in 2023, and it is expected to grow at a compound annual growth rate (CAGR) of 2.6% to reach a valuation of $795.76 billion by the year 2032. While some countries recognize that a change needs to be made, others still heavily rely on it as their main source of energy generation due to its lower cost. A single metric ton of coal can produce up to 2,200 kilowatt-hours of electricity. In comparison, natural gas can only produce 99 kWh per 1,000 cubic feet, and a barrel of fuel oil can produce up to 578 kWh - explaining the heightened coal demand in 2022, wherein, it hit the 8 billion tons mark. Coal power accounts for 37% of the world's electricity production or the equivalent Show less Read more
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