Coal Surge Seen by Mobius as China’s Imports Increase

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.

Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam.