The Coal Trader

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

As energy markets stare down the "shoulder season," Matt and Joe break down the massive volatility coming out of the Strait of Hormuz and what it means for coal stocks. With prices pulling back across the board, the duo explains why this isn't a reversal of the bull thesis, but rather a "Great Accumulation" phase for those eyeing 2026–2027. From the potential for Australian miners to move underground to escape soaring diesel costs to the "option value" of rare earth discoveries at the Brook Mine, this episode provides a definitive playbook for navigating the current dip before the next major energy cycle begins.  definitive playbook for accumulating quality assets before the next major energy cycle begins. 

Stocks Mentioned: BTU, ARLP, AMR, HCC, METC, HNRG, WHC.AX, YAL.AX, SMR.AX, NRP, BHP, CRN.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.

As energy markets stare down the "shoulder season," Matt and Joe break down the massive volatility coming out of the Strait of Hormuz and what it means for coal stocks. With prices pulling back across the board, the duo explains why this isn't a reversal of the bull thesis, but rather a "Great Accumulation" phase for those eyeing 2026–2027.

Stocks Mentioned: BTU, ARLP, AMR, HCC, METC, GLEN.L, HNRG, WHC.AX, YAL.AX, NHC.AX, NRP, CEIX

👉 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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

A massive week for energy markets as geopolitical tensions in the Strait of Hormuz send shockwaves through the coal and gas sectors. Matt and Joe break down the sudden price spikes, the "Ayatollah Toll," and why thermal coal is riding the coattails of a tightening LNG market.

Stocks mentioned: CEIX, ARLP, AMR, HCC, METC, GLEN.L, WHC.AX, YAL.AX, SMR.AX, NRP, CRN.AX, TER.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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

The Strait of Hormuz is the story of the week. Geopolitical tension in the Middle East has sent gas and oil prices soaring, creating a massive knock-on effect for global coal markets. Matt and Joe break down the price spikes, the shift from LNG to coal in Asia, and the "frothy" state of coal equities.

Stocks mentioned: AMR, HCC, YAL.AX, WHC.AX, BTU, C&R, TER, THL, SMR.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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

In this landmark episode, Matt Warder broadcasts "boots on the ground" from an active coal mine. The guys break down the current "shoulder season" market dynamics, dissect recent earnings from Yancoal and NRP, and discuss why the U.S. East Coast price index is currently "proposterous".

Stocks mentioned: YAL.AX, NRP, METC, AMR, BTU, ARLP, HNRG, BHP, WHC.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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

As the market enters "shoulder season" (the period where weather-driven demand typically sags) Matt and Joe break down the divergence between thermal and met coal. While thermal markets in South Africa and Australia are seeing surprising strength, met coal is beginning to show "red on the screen" as Chinese New Year approaches. The duo also dives into recent earnings from Warrior Met Coal and Core Natural Resources, plus a look at the rare-earth potential hiding in the Powder River Basin.

Stocks Mentioned: $BTU, $ARLP, $AMR, $HCC, $METC, $CNR, $NRP, $WHC.AX, $YAL.AX, $SMR.AX, $MTM.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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

Matt Warder and Joe Aldina dive into Episode 10 with a focus on the impact of "Winter Storm Fern" on global energy grids and the subsequent rally in coal pricing. While thermal coal remains reliable during the Northeast deep freeze, the real excitement lies in the met coal market, where Indian demand has pushed spot prices to $250 for the first time in over a year. The hosts break down the supply-side shifts, including Indonesia’s pledge to cut production and the ongoing skepticism surrounding Japan's nuclear restarts. Finally, the duo analyzes a volatile week for equities, discussing the "shellacking" in the critical materials space and why U.S. and Australian producers are bracing for a strategic shoulder-season pullback.

Featured Equities Discussed: Peabody Energy ($BTU), Alliance Resource Partners ($ARLP), Core Natural Resources ($CNR), Alpha Metallurgical ($AMR), Warrior Met Coal ($HCC), Ramaco Resources ($METC), Natural Resource Partners ($NRP), Whitehaven Coal ($WHC.AX), Yancoal Australia ($YAL.AX), New Hope ($NHC.AX), Stanmore Resources ($SMR.AX), Coronado Global Resources ($CRN.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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

Matt Warder and Joe Aldina kick off 2026 with a sharp rally in focus across coal markets. Thermal prices are firming modestly with Newcastle holding near ~$109 and API2 just under $100, while Europe’s gas shock - TTF spiking into the high-$30s/MWh - keeps coal economics relevant. The real story is met coal: Indian restocking into tight premium supply lifts spot prices to the low-$230s with the forward curve pointing higher, spilling strength into lower-quality products. Coal equities respond aggressively, driven by improving fundamentals, buyback narratives, and a powerful rotation into small caps and high short-interest names, with U.S. and Australian producers both posting strong year-to-date gains.

Featured Equities Discussed - Peabody Energy ($BTU), Alliance Resource Partners ($ARLP), Core Natural Resources ($CNR), Alpha Metallurgical ($AMR), Warrior Met Coal ($HCC), Ramaco Resources ($METC), Natural Resource Partners ($NRP), Glencore ($GLEN.L), Whitehaven Coal ($WHC.AX), Yancoal Australia ($YAL.AX), New Hope ($NHC.AX), Stanmore Resources ($SMR.AX), Coronado Global Resources ($CRN.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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

In Episode 8 of the Coal Trader Podcast, Matt Warder and Joe Aldina break down a bifurcated coal market as met coal strength contrasts with sideways thermal pricing. The hosts dive into futures, physical pricing, equity performance, and a deep slate of listener questions covering U.S. vs. Australian coal, cycle timing, buybacks, and long-term investment strategy

Featured Equities Discussed - Alpha Metallurgical ($AMR), Warrior Met Coal ($HCC), Peabody Energy ($BTU), Core Natural Resources ($CNR), Alliance Resource Partners ($ARLP), Ramaco Resources ($METC), Natural Resource Partners ($NRP), Whitehaven Coal ($WHC.AX), Yancoal Australia ($YAL.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.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

In Episode 7 Matt and Joe break down the surprise “two-handle” in premium met coal, the forward curve holding a bullish $220–250/t range, and the sharp rebound in coal equities driven more by factor flows than commodity moves. They also cover tightening U.S. gas markets, rising coal burn, and why Henry Hub in the $5–7 range could put U.S. thermal names back in the money, before touching on LNG oversupply, Asian demand, and a potential reset in Russian exports next year.

Featured equities discussed: Core Natural Resources ($CNR), Peabody Energy ($BTU), Alliance Resource Partners ($ARLP), Alpha Metallurgical ($AMR), Warrior Met Coal ($HCC), Ramaco ($METC), Whitehaven Coal ($WHC.AX), New Hope ($NHC.AX), Yancoal ($YAL.AX), Stanmore ($SMR.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.