Moreover, Dalla Valle noted that coal demand in Europe is also rising as nuclear plants are set to shutdown and countries reduce their imports on Russian energy.
The Market Vectors Coal ETF tracks global coal producers, including companies from the U.S. 46.7%, China 14.6%, Australia 10.5%, Canada 7.6%, Thailand 6.8%, Indonesia 6.2%, Poland 3.7% South Africa 3.6% and Russia 0.2%.
Market Vectors Coal ETF
For more information on coal, visit our coal category.
Max Chen contributed to this article.