European 2014 Coal Falls to Record as BofA Predicts Further Drop

European coal prices for next year dropped to a record as Bank of America Corp. said the contract is likely to extend this year's 10 percent decline, forcing producers to reduce capacity. Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp fell as much as 0.8 percent to $92.30 a metric ton, the lowest since the contract began in January 2010 and traded at $92.70 at 1:45 ...