http://www.resourceintelligence.net/mass-asian-industrialisation-...

http://www.resourceintelligence.net/mass-asian-industrialisation-to-keep-feeding-into-coal-iron-demand/21980

>>>Goldman also upped its forecasts for hard coking coal, semi-soft coal and pulverised coal injection in 2013 and 2014 by about 8.6 per cent. Forecasts for thermal coal, copper and oil are about unchanged.

?Moving into 2012, we would expect a modest improvement in demand for coal from traditional markets including Japan, Korea and the European Union, with further growth in demand from emerging markets, notably India,? said Mr Southwood.

But he added that coal supply remained ?vulnerable to disruption?, following the devastating floods and cyclones that crippled Queensland?s coal supply chain earlier this year.

Mr Southwood?s colleagues responded to the analysis by reiterating ?buy? ratings on BHP, Rio Tinto and Fortescue, and ?hold? calls on Atlas Iron, Mount Gibson Iron and Murchison Metals.

For pure-play coal stocks, Goldman has a ?buy? on takeover target Macarthur Coal and Bathurst Resources, while calling a ?hold? on Whitehaven Coal and Aston Resources.<<<