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:

• Key differences between thermal and metallurgical coal and their market drivers

• U.S. coal basin economics: from Wyoming to Appalachia

• How coal prices translate to cash flow and margins for major U.S. producers

• Global price benchmarks: API2, Newcastle, Richards Bay

• What’s driving recent price trends in China, India, Europe, and U.S. utilities

• A primer on the steel cycle, metallurgical coal quality specs, and which companies stand to benefit

• 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/