About this episode

Matt and Joe discuss the current state of the coal market during shoulder season, focusing on the divergence between thermal and met coal, recent earnings, and rare-earth potential in the Powder River Basin.

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network As the market enters "shoulder season" (the period where weather-driven demand typically sags) Matt and Joe break down the divergence between thermal and met coal. While thermal markets in South Africa and Australia are seeing surprising strength, met coal is beginning to show "red on the screen" as Chinese New Year approaches. The duo also dives into recent earnings from Warrior Met Coal and Core Natural Resources, plus a look at the rare-earth potential hiding in the Powder River Basin. Stocks Mentioned: $BTU, $ARLP, $AMR, $HCC, $METC, $CNR, $NRP, $WHC.AX, $YAL.AX, $SMR.AX, $MTM.AX 👉 Subscribe at TheCoalTrader.com or on Substack: thecoaltrader.substack.com 👉 Follow Matt on X: @MFWarder 👉 More commodity market commentary: clearcommodity.net Disclaimer: For information and discussion only - not investment advice. Do your own research.

People in this episode

Hosts: Matt Warder, Joe Aldina

Topics covered

• shoulder season
• met coal
• thermal coal
• South Africa
• earnings report
• rare-earth potential
• commodity market

Keywords

• coal market
• shoulder season strategies
• met coal pullbacks
• South African coal
• Chinese New Year
• earnings
• rare-earth elements

Sponsors

Clear Commodity Network

Mentioned in this episode

Organizations: Warrior Met Coal, Core Natural Resources

Products: $BTU, $ARLP, $AMR, $HCC, $METC, $CNR, $NRP, $WHC.AX, $YAL.AX, $SMR.AX

Places: South Africa, Australia, Powder River Basin

More episodes of The Coal Trader

• Episode 15 - Volatility, Ceasefires, and the Shoulder Season Setup · April 10, 2026 · 51 min
• Episode 14: Hormuz, Gas Spikes & The "Ayatollah Toll" · April 1, 2026 · 31 min
• Episode 13: The Hormuz Hedge - Geopolitics Jolt the Coal Markets · March 16, 2026 · 43 min
• Episode 12 - Coal Country Transmission: Market Troughs and M&A Rumors · March 2, 2026 · 44 min
• Episode 10 - Freezing Grids & Firming Prices: Why Coal is Outperforming Gas in the Deep Freeze · February 3, 2026 · 56 min
• Episode 9 - Met Coal Rips, Europe Gas Spikes, and Coal Stocks Catch Fire · January 18, 2026 · 52 min

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