Lumps of Coal: Coal ETF’s Descent Continues
December 10, 2015 at 08:00 AM EST
The Market Vectors-Coal ETF (NYSEArca: KOL) has lost nearly 55% of its value over the past 12 months and the ETF hit an all-time low Wednesday, indicating that things could get worse before they get better for coal equities. The coal industry is weakening as U.S. power plants switch to natural gas,...