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CSX Curtis Bay Coal Terminal Incident Causes Shipping Delay
A significant mechanical failure at CSX’s Curtis Bay coal export terminal near Baltimore has led to a temporary halt in coal loading operations. According to shipping agencies in the region, it will take at least two weeks to repair or replace the damaged machinery…
Thermal Coal Markets Run As Met Retracts
There has been a huge shift in momentum from the met coal side to the thermal coal side over the last few weeks as we reported in our $CEIX earnings preview last week. And having just returned from the West Virginia Coal Association’s Annual Meeting at the Greenbrier, I can confirm that attitudes are cautiously optimistic about a solid back half of the year…
EU’s Anti-Dumping Probe on Hot-Rolled Steel Sparks Global Reactions
The European Union’s recent initiation of an anti-dumping (AD) investigation into hot-rolled flat steel imports from Egypt, India, Japan, and Vietnam has triggered significant responses from global market participants. Concerns are rising over the potential impact on supply chains and pricing across the steel industry…
Moody’s: SCOTUS Chevron Ruling Raises Uncertainty for Power Sector
The U.S. Supreme Court’s decision to overturn the Chevron doctrine on June 28 has introduced significant legal and regulatory uncertainty for regulated utilities, according to Moody’s Ratings. The Chevron doctrine, established in 1984, had allowed courts to defer to federal agencies’ interpretations of ambiguous laws. Its removal may complicate regulatory processes and create challenges for the power sector…
European Thermal Coal Market Strengthens Amid Geopolitical Tensions
A rundown of recent price changes in the broader coal markets…
Peabody Energy Corporation Reports Q2 2024 Earnings and Operational Highlights
Peabody reported strong financial results for Q2 2024, beating estimates by a wide margin with a net income attributable to common stockholders of $199.4 million, or $1.42 per diluted share, and adjusted EBITDA of $309.7 million…
Warrior Met Coal Reports Strong Q2 2024 Performance, Progress on Blue Creek
Warrior Met Coal announced robust financial and operational results for the second quarter of 2024, showcasing its continued success despite facing challenging market conditions…
Data Center/AI Load Growth Could Threaten Grid Reliability: Conference Board Report
The increasing electricity demand from data centers, driven by the rise of AI technologies, could significantly threaten grid reliability in the United States, according to a recent report by the Conference Board…
Potential Shortage of Russian High-CV Coal Looms in H2 2024
In the latter half of 2024, the global market is anticipated to experience a significant shortage of Russian High-CV coal as exports continue to decline…
Fire Extinguished at Grosvenor Coal Mine, Anglo American CEO Confirms
Anglo American announced that the fire at the Grosvenor coal mine in central Queensland is believed to be extinguished…
