Hints and tips:
...Brookfield made a similar claim in 2020, even as its infrastructure division outlined the “potential” to expand its metallurgical coal operations in Australia....
...For example, is a lump of coal better for the environment if you call it a “premium metallurgical product”? Clearly, no....
...Even after the review, the two funds would stay invested in “metallurgical” coal, which is used in the steelmaking process, State Street said....
...Here’s Goodbody: Cranswick provided a Q1 trading update this morning reporting a strong start to the year with c.19% LFL sales growth (25% inc. acquisitions)....
...Coronado Global Resources, one of the world’s biggest producers of metallurgical, or coking, coal, has priced its initial public offering in Australia at the bottom of an expected range, raising A$774m (...
...A version of this article was first published by the Nikkei Asian Review on December 11, 2018. ©2018 Nikkei Inc. All rights reserved....
...But it notes that coking coal — also known as metallurgical coal — will be needed to make steel for years to come, and even to make renewables....
...The big difference has come from a surge in demand in international markets, for both thermal coal used in power plants and metallurgical, or “met” coal, which is used in blast furnaces to make steel....
...One segment that does seem to have a robust long-term future is metallurgical or met coal, used for making steel....
...Metallurgical coal generally accounts for less than a tenth of the output of US mines....
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...In the year to December, coal – both thermal and metallurgical – generated a quarter of Glencore’s adjusted earnings, before, interest, tax, depreciation and amortisation....
...The coal declines were particularly sharp in the domestic metallurgical coal market, where sharp falls in US steel production sent traffic down 14 per cent year on year in the quarter....
...Matthew Moore, a vice president at Moody’s says: Slowing growth in China, which consumes and produces at least half of base metals, and is a material player in the precious metals, iron ore and metallurgical...
...The sharp fall in the oil price has made natural gas far more attractive than coal for producing electricity, while China’s economic weakness has slashed demand for high-quality metallurgical coal....
...The aggregate 15 per cent year-on-year decline in tons of coal handled on its network in the third quarter included a 37 per cent decline in export metallurgical coal....
...This is a reflection of falling worldwide demand for the US’s high-quality metallurgical coal and power companies’ growing preference for gas for generating electricity....
...“Whatever way you look at it, the bulk commodity markets of iron ore, manganese ore, metallurgical coal and thermal coal look set for years, if not decades, of having sufficient supply,” said analysts at...
...China accounts for more than half of the world’s production of aluminium and steel and over 70 per cent of thermal and metallurgical coal, according to Macquarie....
...Discussions could extend to include Rio’s metallurgical coal assets in Queensland, which yield a different grade of coal that is used in steelmaking, this person added....
...Consider Walter Energy, a US miner of metallurgical coal, used in steel making....
...The last time gas prices plunged, hitting 10-year lows in the first half of 2012, the blow was cushioned for US coal producers because the market for metallurgical or “met” coal, used to make steel, was...
...Spot metallurgical coal prices have hovered near $115 per metric ton this year, below average levels over the past three years....
...However, Anglo said it increased its production of iron ore, metallurgical coal – used in steelmaking – copper and nickel....
...Some US coal companies, seeing a difficult future for thermal coal, acquired more assets in metallurgical or met coal, used for making steel, but there conditions are even worse....
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