Indian Infrastructure Boom
October 10, 2023
Are we witnessing the initial signs of a much larger and protracted Indian infrastructure boom?
Author: The Coal Trader
Coal News & Price Data – October 10, 2023 – Start of an Indian Infrastructure Boom?
October 10, 2023
India’s crude steel output for January-September increased14% compared to the previous year, mainly due to infrastructure growth.
Coal News & Price Data – October 9, 2023 – TECK Confident in Sale to JSW
October 9, 2023
Teck CEO Price expressed confidence in the company’s stake sale to India’s JSW despite geopolitical tensions between Canada and India.
China’s Coal-Fired Future
October 8, 2023
It’s important to think about Chinese policy and ask ourselves why their actions don’t quite line up with their rhetoric.
Coal News & Price Data – October 6, 2023 – BHP to Keep Remaining Coal Assets
October 6, 2023
BHP Group plans to retain its remaining metallurgical coal assets, emphasizing a positive outlook for higher-quality raw materials.
Reasons for the Metallurgical Coal Rally
October 5, 2023
Metallurgical coal markets continue to rally. Front-month (Oct ‘23) is at $362/mt, whereas long-term prices are currently in the $280’s:
Coal News & Price Data – October 5, 2023 – China’s Coal Production to Slow in 2023
October 5, 2023
China’s coal production growth is anticipated to slow in 2023 due to increased safety checks following a surge in fatal coal mine accidents.
Coal News & Price Data – October 4, 2023 – Arch & Coronado Report Production Issues
October 4, 2023
Arch Resources and Coronado Global Resources have both reduced their coal sales guidance due to mining difficulties in the US.
Arch News Update
October 3, 2023
Arch released a Q3 update, revised guidance lower, and announced their Q3 earnings call, scheduled to take place October 26 at 10am.
Coal News & Price Data – September 29, 2023 – Metallurgical Coal Weekly Update
September 29, 2023
Atlantic met coal market is experiencing notable price increases, particularly for Premium High Volatile Coking Coal (HCC).
Fog of M&A
September 28, 2023
Met names got a lift yesterday with an update of the B Riley price deck and flow through share price target upgrades.
Coal News & Price Data – September 28, 2023 – Glencore Considers Job Cuts in S. Africa
September 28, 2023
Glencore & Seriti to potentially cut jobs in South Africa due to challenges faced by Transnet, in transporting coal.