Episode 5 - Thermal Rerate, Warrior’s Beat, and Coal Cycle Math
Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network
Matt and Joe sit down in person in to rip through a month’s worth of action: thermal coal’s rerate off sub-$90, a steadier met tape, Warrior’s standout quarter on Blue Creek volumes, why spreads inside the met stack are normalizing, and how to think about cycles, contracts, and capital returns. We wrap with a hefty listener Q&A on valuations, rare earth hype, PRB vs East basin setups, and whether coal’s longer cycles really give you an investing edge.
Featured equities discussed: Core Natural Resources ($CNR), Peabody Energy ($BTU), Alliance Resource Partners ($ARLP), Alpha Metallurgical ($AMR), Warrior Met Coal ($HCC), Ramaco ($METC), Glencore ($GLEN.L), Whitehaven Coal ($WHX.AX)
👉 Subscribe at TheCoalTrader.com or on Substack: thecoaltrader.substack.com
👉 Follow Matt on X: @MFWarder
👉 More commodity market commentary: clearcommodity.net
Disclaimer For information and discussion only - not investment advice. Do your own research.
