The Coal Trader

Coal News & Price Data – November 14, 2023 – Glencore wins Teck’s Met Business

November 14, 2023

Glencore has acquired a 77% stake in Teck Resources’ Elk Valley Resources (EVR) for $6.93 billion.

Coal News & Price Data – November 13, 2023 – France Jump-Starts a Nuclear Renaissance

November 13, 2023

France has embraced nuclear power as a green energy source, aiming to build six new reactors and considering an additional eight.

Coal News & Price Data – November 10, 2023 – Weekly Met Market Summary

November 10, 2023

Australian metallurgical coal prices dropped up to $54.00/t in a week due to ample prime hard spot availability and competitive alternatives.

Coal News & Price Data – November 9, 2023 – Indian Met Coke Reliance to Increase

November 9, 2023

India’s steel industry executives gathered in Delhi to discuss ways to reduce carbon emissions. Indian Met Coke Reliance to Increase

Coal News & Price Data – November 8, 2023 – Ramaco Q3 Earnings

November 8, 2023

In Q3 2023, Ramaco Resources, a U.S. metallurgical coal producer, reported net income of $19.46 million and adjusted EPS of $0.45/share

Coal News & Price Data – November 7, 2023 – Chinese Steelmakers Dilemma

November 7, 2023

Chinese steelmakers are facing a dilemma as steelmaking margins have been in the negative for over five weeks

Coal News & Price Data – November 6, 2023 – Chinese Blast Furnace Utilization Drops

November 6, 2023

The average operating rate of blast furnace (BF) steel mills decreased by 0.44 percentage points to 90.94% last week

Coal News & Price Data – November 3, 2023 – Weekly Met Market Summary

November 3, 2023

Chinese premium metallurgical coal prices were steady in early November, driven by soft coke prices and sustained demand from end-users.

Alpha & Warrior Q3 Results

November 3, 2023

Alpha reported net income of $6.65 per share, surpassing analysts’ estimates but that’s mainly due to the buybacks making less shares.

Coal News & Price Data – November 2, 2023 – China’s Thermal Market Softens

November 2, 2023

China is facing an oversupply of coal, with robust domestic production and surging imports creating a glut in the market.

Alpha & Warrior Pre-Earnings Setup

November 1, 2023

Earnings schedule: Warrior earnings later today following the market close at 4:30 pm ET. Alpha earnings tomorrow morning, before the bell.

Coal News & Price Data – November 1, 2023 – Corsa Coal Earnings Disappoint