Montana, Wyoming see increase in coal production

Montana, Wyoming see increase in coal production

Coal production is increasing in Montana and Wyoming as demand in the Asia Pacific ratchets up. Coming off a volatile year in 2020, which saw mine closures and furloughs, Montana’s mining industry has turned out 20.3 million tons of coal in the first nine months of 2021. That’s a 2% increase of 524,000 tons over […]

Coal 2022 Outlook: It’s Back From the Dead!

Just in time for Halloween, something spooky is happening in the energy market: Coal is crawling out of the grave to reclaim its old seat at the table. After what we all assumed was certain defeat at the hands of cheap natural gas and renewable energy, the ghost of energy past is back to haunt […]

US, Canada coking coal exports shift towards Asia

Total US exports rose by 46.2pc year on year in line with higher output, a global recovery in demand and strong demand for US coals in China. Canadian exports grew by a more limited 5.1pc over the same period to 2.19mn t, with major producer Teck expecting its third-quarter sales to be cut by 300,000-500,000t after fire […]

Asia, Africa demand lifts US coal exports

US coal exports extended year-over-year gains in August, led by increased demand to countries in Asia and Africa. A total 7.69mn short tons (st) (6.98mn metric tonnes) of coal departed US ports during the month, US Census Bureau data released today show. That was up from 4.54mn st a year earlier and less than 1pc […]

Analysis: Coal producers bet on met (coal) in 2022

The COVID-19 pandemic may have shuttered economies and slowed industrial momentum, but a global rebound is helping coal producers refocus their long game on metallurgical coal investment as a broader initiative to diversify the sector. Met coal is a higher-priced coal used in the steelmaking process. Railroads have longstanding relationships with producers in both industries, […]

Goldman Almost Doubles Asia Coal Forecast on Supply Crunch

Goldman Sachs Group Inc. almost doubled its outlook for Asian coal prices as a global recovery in power demand and production issues in key mining countries combine to make supply scarce. Benchmark Newcastle thermal coal will average $190 a ton in the fourth quarter, up from a previous forecast of $100, to meet demand in […]

China Snubs Australian Coal, Giving U.S. Coal Producers Breathing Space

Donald Trump tried to fire up the coal sector. But fierce market winds blew out any flames. Ironically, Trump’s departure has benefited U.S. coal producers — now that China has dumped Australian coal and it is getting U.S. supplies. It is a nod to President Biden: China needs reliable trading partners that can feed its […]