Buy What China Needs: Coal

As far as I know, China will still need coal. China consumed 47% of the world’s coal last year. The growth of that demand has been mind-boggling – so much so it is hard to wrap one’s mind around it. In 2000, China consumed as much coal as the US. Today, it consumes three times as much as the US. China’s leading coal stocks are all down 25% or more of late. This includes China Shenhua Energy, China’s largest coal producer, and China Coal Energy. It might be a good time to fade the Aussies and go long the Mongolians.
http://dailyreckoning.com/buy-what-china-needs-coal/