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The global coal industry is surrounded by a large number of active suppliers trading a variety of qualities and creating new price indices. The demand and prices of coal keep fluctuating depending upon the need from different industries in both the developed and developing nations. Over the past few years, the industry has been witnessing a rough time with constant changes in the demand, supply and prices. Since the year 2014, the global demand for coal has dropped by 4.2%, nearly approaching the largest decline record of 1990-1992. This is largely a result of growing environmental concerns which have led to a significant shift towards cleaner fossil fuels like natural gas, particularly in the developed countries. Additionally, the confluence of lower gas prices and a surge in renewable as well as efficient energy sources dampened the consumption of coal.

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