Coal ETF Is Having a Bad Year, and the Outlook Only Looks Gloomier
December 26, 2019 at 16:40 PM EST
Coal prices are on pace for their biggest annual decline in over a decade, weighing on a coal sector-themed exchange traded fund, on declining demand for coal-fueled power and steel. The VanEck Vectors Coal ETF (NYSEArca: KOL) has declined 14.2% in 2019 as the spot price of thermal coal plunged 39%...