
Technical Analysis Review
Herewith a review of some coal charts…


Australian seaborne metallurgical coal prices increased for the second consecutive trading day following a sell-side tender at $326.77/t.

Randall Atkins, CEO of Ramaco Resources, discusses the discovery of rare earth elements in a coal mine bought in 2011.

I spent some time updating metallurgical producer financial models today, so this will be a chart heavy post.

After closing due to a fire in 2018, North Goonyella coking coal mine will reopen in early 2024.

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

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

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

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

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

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

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