11月份，规模以上工业（以下简称规上工业）原煤生产保持稳定，原油生产增速加快，天然气生产平稳增长，电力生产保持增长。 一、原煤、原油和天然气生产及相关情况 原煤生产保持稳定。11月份，规上工业原煤产量4.3亿吨，同比下降0.5%；日均产量1423万吨。 1—11月份，规上工业原煤产量44.0亿吨，同比增长1.4%。 原油生产增速加快。11月份，规上工业原油产量1763万吨，同比增长2.2%，增速比10月份加快0.9个百分点；日均产量58.8万吨。 1—11月份，规上工业原油产量19825万吨，同比增长1.7%。 原油加工平稳增长。11月份，规上工业原油加工量6083万吨，同比增长3.9%；日均加工量202.8万吨。 1—11月份，规上工业原油加工量67507万吨，同比增长4.0%。 二、电力生产情况 规上工业电力生产保持增长。11月份，规上工业发电量7792亿千瓦时，同比增长2.7%；日均发电量259.7亿千瓦时。1—11月份，规上工业发电量88567亿千 瓦时，同比增长2.4%。 分品种看，11月份，规上工业火电由增转降，水电较快增长，核电、太阳能发电增速加快，风电由降转增。其中，规上工业火电同比下降4.2 ...

11月份，规模以上工业（以下简称规上工业）原煤生产保持稳定，原油生产增速加快，天然气生产平稳 增长，电力生产保持增长。 原油加工平稳增长。11月份，规上工业原油加工量6083万吨，同比增长3.9%；日均加工量202.8万吨。 1—11月份，规上工业原油加工量67507万吨，同比增长4.0%。 天然气生产稳定增长。11月份，规上工业天然气产量219亿立方米，同比增长5.7%；日均产量7.3亿立方 米。 1—11月份，规上工业天然气产量2389亿立方米，同比增长6.3%。 二、电力生产情况 一、原煤、原油和天然气生产及相关情况 原煤生产保持稳定。11月份，规上工业原煤产量4.3亿吨，同比下降0.5%；日均产量1423万吨。 1—11月份，规上工业原煤产量44.0亿吨，同比增长1.4%。 原油生产增速加快。11月份，规上工业原油产量1763万吨，同比增长2.2%，增速比10月份加快0.9个百 分点；日均产量58.8万吨。 1—11月份，规上工业原油产量19825万吨，同比增长1.7%。 规上工业电力生产保持增长。11月份，规上工业发电量7792亿千瓦时，同比增长2.7%；日均发电量 259.7亿千瓦时。1—11月份 ...

Asian witnessed weak sentiment in Thursday's trading as markets digested the Fed's widely expected rate cut, the forward guidance for 2026 and beyond, as well as the extent of dissent in the FOMC decision. Though markets turned cautious in the aftermath of the Fed's projection of a single rate cut for 2026, losses were limited by the less-than-expected hawkishness in the Fed's guidance.China's Shanghai Composite Index lost 27 points or 0.70 percent to finish trading at 3,873.32, versus the previous close o ...

Core CPI better than expected on gold: Core CPI held up at 1.2%Y despite a less favorable base effect, supported by gold, which may reflect some lagged pass- through from international gold prices to domestic retail. Elsewhere, service prices softened (0.4%M SA vs. 1.0% in Oct), in line with sluggish service PMI and job market, and payback from super Golden Week. December 10, 2025 04:17 AM GMT China Economics | Asia Pacific Bump from Vegetables Is Not Reflation Key Takeaways Vegetables added a 0.5pp delta t ...

We came across a bullish thesis on Warrior Met Coal, Inc. on Value Degen’s Substack’s Substack by Unemployed Value Degen. In this article, we will summarize the bulls’ thesis on HCC. Warrior Met Coal, Inc.'s share was trading at $78.00 as of December 2nd. HCC’s trailing and forward P/E were 118.62 and 12.64 respectively according to Yahoo Finance. Tenaris S.A. (TS) Returns $600M to Shareholders through Buybacks Warrior Met Coal, Inc. engages in the production and export of non-thermal steelmaking coal fo ...

PresentationGood day, ladies and gentlemen, and welcome to the Thungela CFO pre-close statement for December 2025. [Operator Instructions] Please note that this event is being recorded. I will now hand over to your host, Hugo Nunes, Head of Investor Relations. Please go ahead.Hugo NunesHead of Investor Relations Thank you. Good afternoon to all, and welcome to today's investor call following the release of the CFO pre-close statement earlier today. I'm Hugo Nunes, Thungela's Head of Investor Relations, and ...

Thungela Resources Trading Update Summary Company Overview - **Company**: Thungela Resources (OTCPK:TNGR.F) - **Date of Update**: December 09, 2025 - **Context**: Pre-closed statement for the year ending December 31, 2025 Key Points Production and Operational Performance - Thungela has operated for approximately 33 months without any fatalities, which is critical for maintaining production momentum [5] - Full-year production guidance was set at 12.8-13.6 million tons, with expectations to reach around 13.7 million tons of export saleable production [5][11] - Elders Colliery's ramp-up contributed significantly to higher production, alongside strong performance from other collieries like Mafube [5][6] - Ensham in Australia is expected to report export saleable production of approximately 3.8 million tons, within the guidance range of 3.7-4.1 million tons [6] Market Conditions and Pricing - Energy markets have been affected by geopolitical risks and economic sentiment, leading to volatility in thermal coal prices [8] - Thermal coal prices declined during 2025, with Richards Bay averaging just below $90 per ton, down from $105 a year ago, indicating a $15 per ton margin swing [9][10] - Newcastle benchmark coal prices averaged about $105 per ton, down from $135 in 2024, with South African coal facing wider discounts [9][10] Financial Performance - Export equity sales for South Africa are expected to be around 13.6 million tons for 2025, up from 12.6 million tons in 2024 [12] - Free on board (FOB) cost per ton for South Africa is expected to be below guidance due to strong production outcomes and a non-cash rehabilitation adjustment [11] - Capital expenditure (CapEx) for 2025 is projected at ZAR 2.6 billion, with ZAR 1.4 billion for sustaining capital and ZAR 1.2 billion for expansion [14] Strategic Initiatives - Thungela is undergoing a portfolio optimization, including asset disposals to reduce environmental liabilities [19][20] - The company has initiated a disposal program for certain assets, which is expected to positively impact future liabilities [20] - Investments are prioritized through the cycle, with ZAR 2.1 billion returned to shareholders through dividends and share buybacks [21] Future Outlook - The company is studying potential projects to fill production gaps from Greenside and Khwezela, with a focus on the No. 4 Seam from Elders and Zibulo North Shaft [26][31] - Long-term thermal coal price expectations hover between $90-$100 per ton, based on analyses from Wood Mackenzie [38] - The board is considering the balance between maintaining a cash buffer and returning capital to shareholders, with flexibility to adjust based on market conditions [43][44] Additional Considerations - The strong Rand poses a significant headwind for the business, impacting cash flow and valuation [18] - The coalbed methane project is progressing, with significant capital already spent to secure legal tenure and prepare for future development [48] Conclusion Thungela Resources is navigating a challenging market environment with a focus on maintaining production levels, optimizing its asset portfolio, and ensuring shareholder returns while preparing for future growth opportunities. The company remains committed to its operational safety record and is strategically positioned to adapt to market fluctuations.

We came across a bearish thesis on Ramaco Resources, Inc. on Asymmetric Capital’s Substack by Srikanth Thangellamudi. In this article, we will summarize the bulls’ thesis on METC. Ramaco Resources, Inc.'s share was trading at $14.95 as of December 1st. METC’s trailing and forward P/E were 9.47 and 5.49 respectively according to Yahoo Finance. Jim Cramer Warns About NioCorp (NB)'s High Share Price Gains Ramaco Resources’ Brook Mine narrative is increasingly defined by its unproven rare-earth ambitions, ce ...

Hallador Energy (HNRG) closed the last trading session at $19.95, gaining 1.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $26.67 indicates a 33.7% upside potential.The average comprises three short-term price targets ranging from a low of $23.00 to a high of $29.00, with a standard deviation of $3.21. While the lowest estimate indicates an increase of 15.3% from the current pr ...

LEXINGTON, Ky., Dec. 8, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") a dual platform critical mineral company that is both a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and developing producer of coal, rare earth elements and critical minerals ("REE/CM") in Wyoming, today announced the dividend ratio of its previously declared Class B common stock dividend for the fourth quarter of 2025. As previously anno ...