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The Coal Trader

The Coal Trader, Matt Warder, Mark
Hundreds of paid subscribers

Extractive Resource Investing... Coal, Metals and Mining; Oil & Gas; Energy and more!

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Substack
PricingFreemiumPublishesDaily
Issues429Founded5 years agoLast Issue8 days ago
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Latest Issues

METC Q1 2026 Earnings Preview

Looks Like an In-Line Print, with the Year Setting Up Better From Here...

US Metallurgical Coal Producer Ramaco Resources reports Q1 results after the close today, with the call to follow tomorrow at 10am ET. Coming into the print, sell-si...

8 days ago
20
Paid

How US Met Coal Should Actually Be Priced

This is Part 4 of a four-part series on what’s drastically wrong with US met coal price reporting and what it’s costing producers and their shareholders. [Part 1 here] [Part 2 here] [Part 3 here].

For three pieces, I’ve been making the cas...

9 days ago
26
2

Pretty Wild How Mid-Vol Affects Low-Vol, Ain't It Platts?

Hey Coal Traders!

Busy morning between client calls and releasing the 3rd article in our series on Platts (mis)pricing methodology for the US. Click that link and check it out!

First-tier Australian seaborne premium hard coking coal (PHC...

11 days ago
20
3

Platts' US Met Coal Pricing Damages Are Calculable... Here’s The Bill.

This is Part 3 of a four-part series on what’s drastically wrong with US met coal price reporting and what it’s costing producers and their shareholders. [Part 1 here] [Part 2 here]. Part 4 will lay out a simpler framework anchored in coal...

12 days ago
18
5

CNR Q1 26 Earnings Preview

Summary

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13 days ago
9
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Authors

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  • The Coal Trader

    Mining & Minerals Analyst & Trader.

  • Matt Warder

    Coal, REEs, and Critical Materials...

  • Mark
  • Social

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