Coal News & Price Data – October 18, 2024
October 18, 2024
Coal News & Price Data – October 18, 2024
Tag: Coking coal
Metinvest Prepares for Potential Disruption by Russian Forces Near Pokrovsk
October 17, 2024
Metinvest, who owns the Pokrovske coking coal mine, discusses their mitigation strategy should Russian forces take control of the operation…
Coal News & Price Data – October 17, 2024
October 17, 2024
Coal News & Price Data – October 17, 2024
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…
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…
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…
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…
Q2 Earnings Preview – AMR
August 5, 2024
In this post, we take a look through our current projections for AMR’s Q2 earnings and the process of how we build them up…
Coal News & Price Data – August 2, 2024 – API 2 Thermal Rises as Met Tries to Stabilize
August 2, 2024
A rundown of the week’s news and price assessments…
Peabody Energy Corporation Reports Q2 2024 Earnings and Operational Highlights
August 2, 2024
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
August 2, 2024
Warrior Met Coal announced robust financial and operational results for the second quarter of 2024, showcasing its continued success despite facing challenging market conditions…