Episode 1: U.S. Thermal vs. Met Coal Markets, Pricing Benchmarks & Equity Insights
Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network
Tickers Mentioned: $BTU, $ARLP, $AMR, $HCC, $METC, $GLEN.L
In this debut episode, Matt and Joe break down the fundamentals of the global coal market - starting with a deep dive into U.S. thermal coal basins and how they feed into domestic power demand and global exports.
We cover:
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Key differences between thermal and metallurgical coal and their market drivers
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U.S. coal basin economics: from Wyoming to Appalachia
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How coal prices translate to cash flow and margins for major U.S. producers
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Global price benchmarks: API2, Newcastle, Richards Bay
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What’s driving recent price trends in China, India, Europe, and U.S. utilities
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A primer on the steel cycle, metallurgical coal quality specs, and which companies stand to benefit
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Featured equities: Core Natural Resources, Peabody Energy, Alliance Resource Partners, Alpha Metallurgical, Warrior Met Coal, Ramaco, Glencore, and Whitehaven
Expect data-backed insights, real margin math, and honest takes on where the coal market stands - and where it’s heading.
Subscribe at TheCoalTrader.com or on Substack at thecoaltrader.substack.com.
Follow Matt on X: @MFWarder
For more commodity market commentary visit the Clear Commodity website at https://clearcommodity.net/
