Market Vectors Coal ETF (KOL)

[frenchee]

As if the rise in oil and sugar prices isn't enough, Citigroup forecasts that the annual contract price for thermal coal will reach $100 per metric ton in the 2008-2009 financial year, up from $55 per ton now, while the price of coking coal may hit $200 per ton from $95 now. The cause? Snowstorms in China, floods in Australia, and power crises in South Africa. These supply disruptions, according to Citigroup, will result in dramatic price increases when combined with sharply higher exchange rates in producing countries and cost increases. Rising coal prices should keep interest in alternative energy stocks high. You could buy the alt energy ETFs, or just go straight for the new Van Eck Market Vectors Coal ETF (KOL).