China’s coal industry achieved production growth of 4% in the year 2012 (3.66 billion metric tons). This growth is a good sign for a recovering industry, but growth was still 4.7% less than the previous year, according to the China National Coal Association. Industrial indicators point to stock prices of coal as a main reason for slowed growth in the industry. Excess coal stock availability has contributed to decreasing stock prices. Declining stock prices are also related to China’s slowed economic growth as a whole in 2012, with overall growth measured at 7.8%, the lowest in over a decade. An additional contributor to slowed industrial growth is that the price of coal also decreased nearly 27% over the past year, to 630 yuan per ton. Experts predict that the coal industry will rebound this year due to increased demand from urbanization, but growth will still remain slow due to market uncertainties.