The Gamma Squeeze is On for Coal Stocks
September 27, 2024
A quick rundown on today’s continued rip in coal stocks and actions I took…
Author: Matthew Warder
Google Could Leverage Small Nuclear Reactors to Power Data Centers Amid AI Boom
September 27, 2024
As artificial intelligence (AI) continues to revolutionize industries, major tech companies are grappling with the massive energy demands required to power their growing infrastructure. Among them, Google is exploring innovative solutions to meet its energy needs while maintaining its commitment to carbon neutrality by 2030…
Steel Prices Bottoming Out Amid Cautious Optimism for 2025
September 27, 2024
At the Siderweb Forum’s roundtable discussion titled “Steel in Italy and the World,” steel industry leaders expressed cautious optimism for a potential recovery in 2025, suggesting that current steel prices may have bottomed out after a prolonged downturn…
Flurry of Deals Push Met Market Higher
September 25, 2024
Australian coking coal prices are continuing their upward momentum, driven by some (finally!) robust trading activity and slightly improving market sentiment. The physical market has now seen multiple deals concluded at prices above previous index levels, while futures prices on the Singapore Exchange (SGX) are also moving up in concert…
Coal Stocks Rip, Time to Flip?
September 24, 2024
A quick rundown of the post-China stimulus rip in coal stocks, and how to think about positioning using some advice from our Substack and Twitter friend Le Shrub…
Potential Impact of Longshoremen’s Strike on Coal Exports: Limited Disruptions Expected
September 24, 2024
The looming threat of a strike by the International Longshoremen’s Association (ILA) on 1 October has raised concerns across various industries reliant on U.S. port operations. But while containerships would likely face significant backlogs at U.S. Gulf and East Coast ports, commodities like coal may see minimal impact…
Tata Steel Commissions India’s Largest Blast Furnace, Expands Kalinganagar Capacity
September 23, 2024
Tata Steel achieved a significant milestone in its expansion efforts by commissioning a new blast furnace at its Kalinganagar plant in Odisha last week, boosting the facility’s capacity from 3 million tonnes (mt) to 8 mt annually…
US Proceeds with Section 301 Tariffs on Chinese Commodities
September 19, 2024
The United States is moving forward with Section 301 tariffs on a range of Chinese commodity imports, including steel, aluminum, lithium-ion batteries, and other critical minerals, as announced by the Office of the United States Trade Representative (USTR) on September 13, 2024…
QRC Warns of Economic Risks from New Coal Royalties Legislation
September 18, 2024
The Queensland Resources Council (QRC) has expressed concern over new coal royalties legislation, stating it undermines Queensland’s competitiveness and poses a risk to the state’s economic security…
India Steel Producer RINL Faces Challenges Amid Coking Coal Shortage at Vizag Plant
September 16, 2024
State-owned steelmaker Rashtriya Ispat Nigam Ltd. (RINL) has been forced to shut down its blast furnace 3 at the Vishakhapatnam (Vizag) plant due to a coking coal shortage caused by a workers’ protest at the Gangavaram port. The shutdown, which occurred on 12 September, leaves RINL with only one operational blast furnace out of three at its 7.3 million tonne per year (t/yr) capacity plant, though no official announcement has been made by the company…
India’s DRI Production Growth Outpaces Crude Steel, But Coal Reliance Remains
September 16, 2024
India’s production of direct reduced iron (DRI), also known as sponge iron, has seen substantial growth, registering a compound annual growth rate (CAGR) of 8 percent over the last five years. DRI output rose to 51.5 metric tonnes (MT) in fiscal 2024, up from 34.7 MT in fiscal 2019, significantly outpacing the 5 percent growth in crude steel production during the same period, according to a recent report…
Russian Coal Industry Faces Mounting Challenges in 2024 Amid Declining Exports and Production Shifts
August 27, 2024
Russian coal producers continue to grind through a turbulent 2024, marked by a slight overall decline in output and a significant drop in coal exports. From January to July 2024, total coal production across Russia has declined modestly to 250.6 million tons (Mt), down just 1.9 Mt or 0.8% year-on-year. Exports have struggled, however, falling sharply to 105.8 Mt, a decrease of 11.2 Mt or 10% compared to the same period in 2023…