Coal remains central to both power demand (AI data centers, baseload needs) and steelmaking (met coal). Matt Warder, Publisher of The Coal Trader, outlines where the market sits in its cycle and how equities are positioning for the next leg higher.
Key Points:
- Thermal vs met coal: distinct demand drivers (power vs steel).
- AI data centers + global power needs may keep coal in the mix.
- China still dominant near-term; India a key long-term growth driver.
- Coal cycles run ~5 years – next peak expected by 2026–27.
- Company catalysts: cost curves, production growth, buybacks, and dividends.
Stocks discussed: AMR, HCC, METC, NRP, BTU, ARLP, CNR
Click the following links to keep up to date on the coal market and coal stocks
- Substack – https://thecoaltrader.substack.com/
- Podcast – https://clearcommodity.net/podcasts/the-coal-trader
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