What Glencore-Tohoku Coal talk Impass Means for Market
Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan's Tohoku Electric and Glencore to agree on an annual thermal coal contract that is used to set prices for the region. Tohoku Electric…
Hedge Fund bet on Glencore Backfires
Lansdowne Partners loses $100 million from short in 2017. London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. For Lansdowne, that bet had generated returns in 2014 and 2015…
U.S. Coal Gets Boost, but it's Debbie not Trump
One of the big hopes for a revival of the U.S. coal industry since the election of President Donald Trump is increasing exports. Right on cue, it looks likely that more of the fuel will be shipped to foreign buyers. But this is a short-term boost and will benefit only a few U.S.
Arch Coal Bullish on Trump Regulatory Promises
Arch Coal Inc, which emerged from bankruptcy in October, said U.S. President Donald Trump's administration should prove to be positive for its coal businesses. The coal miner also said revenue rose 4.6 percent to $575.7 million in the fourth quarter ended Dec.
Oil Loses Commodity Trade Crown to Unlikely Challenger
China Apr rebar turnover overtakes crude, but many wary China's soaring rebar trading will collapse. Crude oil futures, long the king of commodity trading, have lost their dominant position as the world's most traded and valuable derivative in the resources sector to an unlikely challenger: Chinese rebar.
China Commodity Outlook Brightens
Lost amid the headlines about China's decision to end its one-child policy was news that points to a brighter medium-term outlook for commodity demand in the world's biggest consumer of natural resources. While all the nitty-gritty details of the ruling…
China Carbon Trading not all Bad News
China's planned national cap-and-trade carbon emissions system may at first appear to be yet another bearish factor for commodity demand in the world's largest consumer of natural resources. In theory, limiting the amount of carbon emissions by setting…
Germany's Coal Imports Expected to Fall
Germany's coal imports are likely to fall to 53 million tonnes in 2015 from a record high last year of 56.2 million, lobby group VDKi said on Thursday, citing lower demand from power stations and steelmakers. Coal is still the backbone of power generation in Europe's biggest economy…
New Dawn for Mexican Steel Puts Brazil in the Shade
Mexico is emerging as the preferred choice for investors in Latin American steel making as a landmark energy reform and exposure to a U.S. recovery help outshine regional rival Brazil, where the gloom of recession has taken hold. While steel executives in Brazil…
