Key Takeaways Spot thermal coal price declined slightly: QHD 5500 was flat WoW at Rmb678/t as of April 18. CCI 5500 was down 0.3% WoW to Rmb670/t. BSPI was flat WoW at Rmb678/t. Mine-mouth prices for Shanxi Datong 5800 was down 2.3% WoW to Rmb548/t. Seaborne price declined: NEWC price fell 2.1% WoW to US$94/t as of April 18. Inventory piling at QHD port: QHD inventory increased 11.2% WoW to 6.85mt. Inventory at Bohai Rim ports decreased 0.9% WoW to 29.9mt as of April 18. Stable coking coal prices: Liulin No ...

市场概况： 上周（4月21日至4月25日）A 股市场呈现显著的结构性分化特征，A 股市场呈现 "中 小盘成长领涨、大盘价值承压" 的分化格局。上证指数微涨 0.56%，深证成指上行1.38%，创业板 指表现强劲，上涨超过1.5%，万得微盘指数上涨2.52%，涨幅领先其他宽基指数，反映资金加速 向高弹性小盘股聚集。全周上证指数上涨0.56%，深证指数上涨1.38%，创业板指上涨1.74%。 行业板块： 上周Wind一级平均涨幅0.76%，Wind百大概念指数上涨比例78%。板块方面，77% 板块获得正收益，汽车、美容护理、基础化工相对表现良好，分别上涨4.87%、3.80%、2.71%， 而煤炭、房地产、食品饮料相对表现不佳，小幅下跌0.63%、1.31%、1.36%。 基金发行： 上周合计发行27只，其中股票型基金发行17只，混合型基金发行4只，债券型基金发行 5只， FOF型基金发行1只，总发行份额245.79亿份。 基金表现 ： 上周万得中国基金总指数上涨0.81%。其中，万得普通股票型基金指数上涨1.66%， 万得偏股混合型基金指数上涨1.90%，万得债券型基金指数上涨0.03%。 数据来源：Wind ...

Industry Overview - The Zacks Coal industry is facing challenges due to a decline in coal usage in thermal power plants in the U.S., with demand expected to decrease further by 2025 due to the retirement of coal units and a shift towards renewable energy sources [1][2] - Current U.S. recoverable coal reserves are estimated at 252 billion short tons, with 58% being underground mineable coal, but the industry's prospects are hindered by increasing renewable energy adoption and natural gas competitiveness [2][4] Production and Export Trends - U.S. coal production is projected to be 490 million short tons in 2025, an increase from previous estimates, but is expected to decline by 4.5% year-over-year in 2025 and 4.7% in 2026 [5] - Coal exports are anticipated to drop to 93 million short tons in 2025, a 4.1% decrease from earlier projections, with thermal coal exports expected to fall from 49 million short tons in 2025 to 47 million short tons in 2026 due to tariffs imposed by China [3][10] Emission Policies and Market Position - The U.S. aims for 100% carbon pollution-free electricity by 2030 and net-zero emissions by 2050, which is contributing to reduced coal usage in electricity generation [4] - The Zacks Coal industry currently ranks 239 out of 246 Zacks industries, placing it in the bottom 3%, reflecting a negative earnings outlook and a 47.2% decline in earnings estimates for 2025 since December 2024 [6][8] Stock Performance and Valuation - Over the past year, the coal industry has lost 9%, outperforming the Zacks Oil and Gas sector's decline of 14.5%, but lagging behind the Zacks S&P 500 composite, which gained 6.9% [10] - The industry is trading at a trailing 12-month EV/EBITDA ratio of 4.7X, significantly lower than the Zacks S&P 500 composite's 15.86X, indicating a challenging valuation environment [13] Notable Companies - SunCoke Energy focuses on metallurgical coal production, essential for steel manufacturing, and has an annual coke-making capacity of 5.9 million tons, with a current dividend yield of 5.14% [17][18] - Ramaco Resources is positioned to benefit from improving metallurgical coal demand, with 3.5 million tons contracted for 2025 at a fixed price of $145 per ton, and plans to invest $60 to $70 million in capital expenditures for growth initiatives [22][23]

China Coal Equities No relief on inventory issue China Recent update on market inventory: Coal inventory in the market, at historically high levels, has become the key drag on the coal spot price in China this year. In the past week, some in the market were relieved to see the inventory level at the northern ports (Bohai ring) come down below the 30mt the level. However, the majority of the previous stock had been diverted to ports in the Yangtze River, rather than shipped to end users (source: China 5e). A ...

As the US grapples with a surge in electricity demand fueled by AI, electric vehicles, and a reindustrialization push, President Donald Trump has unveiled a sweeping plan to revive the nation’s coal industry. But will this political revival clash with economic reality? In this guest article, Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW), explores why coal’s comeback may be short-lived—and why smart money is flowing toward renewables instead. Between raising and lowering tariffs on imported goods, ...

April 7, 2025 03:22 PM GMT China Materials | Asia Pacific Trip Takeaways: Day 1 – Beijing On day one of our trip, we met with copper, coal, and aluminium producers. Copper: MMG highlighted DRC political instability, which has led to electricity rationing in the last few weeks, prompting more reliance on diesel power. We see some read-across for other DRC operations such as Glencore's Katanga/Mutanda. However, the conflict remains distant (>1,000km), constituting minimal risks of stoppages. Mining costs are ...

LEXINGTON, Ky., April 10, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) Chairman and CEO Randall Atkins is scheduled to appear for an interview Thursday, April 10, with Stuart Varney on Fox Business Channel. The interview is currently scheduled to appear at roughly 11:25am ET on the Varney & Co. program. During his appearance, Atkins expects to discuss President Donald Trump's recent executive orders regarding coal and the outstanding support the president has shown to the U.S. coal industry, a ...

Core Insights - High-quality dividend stocks have historically outperformed non-payers, with an annualized return of 9.17% compared to 4.27% over the past 50 years [3] - The current market conditions, including a correction in major indices, make dividend stocks an attractive investment option [4] Group 1: Annaly Capital Management - Annaly Capital Management offers a yield of 13.79%, averaging around 10% over the last two decades, and has declared approximately $27 billion in dividends since its IPO in 1997 [5] - The company is sensitive to interest rate changes, with recent increases in the federal funds rate impacting its net interest margin and book value [6] - The Federal Reserve's current rate-easing cycle may benefit Annaly, allowing it to adjust its asset portfolio for better profitability [7] - Annaly's portfolio primarily consists of agency securities, which provide a safety net and allow for leverage to enhance profitability [8] - With improving yield-curve conditions and historical performance during declining interest rates, Annaly's financial metrics are expected to improve [9] Group 2: Realty Income - Realty Income has a yield of 5.56% and has increased its dividend for 110 consecutive quarters, positioning it well for long-term growth despite recession concerns [11] - The company's portfolio includes 15,621 commercial real estate properties, with 91% being resilient to economic downturns [12] - Realty Income's lessees are primarily brand-name businesses, ensuring consistent traffic and rental income even during economic challenges [12] - The company has a low percentage of lessees failing to pay rent, and its funds from operations are predictable [13] - Realty Income's shares are currently trading at a 22% discount to their five-year average cash flow multiple, indicating potential value [14] Group 3: Alliance Resource Partners - Alliance Resource Partners offers a yield of 10.26%, which has been sustainable despite the industry's challenges [15] - The company has successfully locked in volume and price commitments, ensuring consistent cash flow [17] - Alliance Resource has maintained a conservative approach to production expansion, resulting in a low net debt of $221.4 million [18] - The diversification into oil and natural gas royalties allows the company to benefit from price increases in these commodities [19] - The stock is valued at approximately 8.5 times forward-year earnings, presenting a solid investment opportunity [19]

Hallador Energy Company (HNRG) Q4 2024 Earnings Call March 17, 2025 05:30 PM ET Company Participants Sean Mansouri - Founder & CEOBrent Bilsland - President, CEO & ChairmanMarjorie Hargrave - Chief Financial Officer Conference Call Participants Nick Giles - Senior Research AnalystJeff Grampp - Senior AnalystNone - Analyst Operator Good afternoon. Thank you for attending Hallador Energy's Fourth Quarter and Full Year twenty twenty four Earnings Conference Call. At this time, all participants are in listen on ...

Ramaco Resources (METC) Q4 2024 Earnings Call March 11, 2025 09:00 AM ET Company Participants Jeremy Sussman - Executive VP & CFORandall Atkins - Founder, Chairman & CEOChristopher Blanchard - Executive Vice President of Mine Planning and DevelopmentJason Fannin - EVP & CCO Conference Call Participants Nick Giles - Senior Research AnalystChris LaFemina - Equity Research AnalystNathan Martin - Senior Research Analyst Operator note that this event is being recorded. I would now like to turn the conference ove ...