Coal

On Thursday, President Donald Trump announced that he would use emergency powers from the Cold War to send nearly $700,000,000 to the U.S. Coal Industry to Asia to ship the carbon-intensive fuel and to power companies in the United States to burn it. Trump intends to use the Defense Production Act (a 1950 law that granted presidents broad authority to oversee industries deemed crucial to national security) to finance upgrades to more than a dozen coal-fired plants, assist in financing two new coal plants, and support construction of an West Coast coal export facility. The Trump administration has framed the...

A White House official said that President Donald Trump is expected to announce Thursday that he would use his Cold War emergency powers to send nearly $700,000,000 to the U.S. coal sector to ship the fuel to Asia, and to power companies in the United States to burn the fuel domestically. The official and industry source confirmed that Trump intends to use the Defense Production Act, a law passed in 1950 that granted presidents broad authority to oversee industries considered critical to national defense, to finance?upgrades to more than a dozen power plants powered by coal, as well as to...

According to a White House spokesperson, U.S. president Donald Trump plans to use Cold War national defense powers in order to send $700 million towards coal plants. The official said that Trump could announce on Thursday he would invoke the Defense Production Act of 1950, which grants presidents broad?authority to national security-related industries. He will upgrade more than 12 coal power plants and build a massive West Coast Coal Export Terminal, as well as match corporate funds for the construction of new power plants. The person who spoke under condition of anonymity did not want to "preempt" the President's announcement...

People familiar with the situation say that the CIA has stopped contributing to certain intelligence assessments produced by the office nation's top spy, such as those regarding the Iran War. This is because disputes have erupted over intelligence sharing and areas of responsibility. A?U.S. official and three people with direct knowledge of the matter said that the infighting between the CIA (Central Intelligence Agency) and the Office of the Director of National Intelligence has been raging for over a year. This has disrupted collaboration on national intelligence analyses?onwhich presidents have long relied to navigate through complex foreign challenges. Officials and...

Shares of Revolution Medicines, Summit Therapeutics and Summit Therapeutics rose in premarket trading Monday after their experimental cancer treatment boosted'survival rates for patients' in late-stage clinical trials. Daraxonrasib is an experimental cancer pill that doubles survival when compared with chemotherapy. Summit's ivonescimab treatment, in collaboration with Akeso, a Chinese partner, helped lung cancer patients to live 15 percent longer than BeOne Medicines Tevimbra. On Sunday, the companies presented their data at the American Society of Clinical Oncology in Chicago. Summit's stock gained 3.6%, while Revolution's shares rose 7.3%. Summit's shares are essentially flat this year while Revolution's has almost doubled....

Summit Therapeutics shares rose up to 7% before bell ringing?after its ivonescimab treatment with China-based Akeso helped advanced lung cancer patients?live 15% longer than BeOne Medicines Tevimbra immunotherapy. Late-stage trial results revealed that in a head to head study conducted in China, patients with advanced non-small-cell lung cancer squamous who were treated with ivonescimab, chemotherapy and Tevimbra lived on average 27.9 months compared to 23.7 months when they received Tevimbra, chemotherapy and Tevimbra. Tyler Van Buren, TD Cowen's analyst, said: "This is a significant advancement in a situation?where other treatments have never found success." Ivonescimab belongs to a class of...

The Trump administration further delayed on Thursday the planned closure of Units 3 and 4, at the Eddystone fossil fuel-fired power generation generating station in Pennsylvania, by ordering Constellation Energy Corp. to continue operations beyond the shutdown date. Energy Secretary Chris Wright issued an emergency order directing PJM interconnection, the largest power grid in 'North America to work with Constellation Energy in order to ensure 'the two units are operational and to minimize costs for American people, the?Energy Department said in a press release. Wright stated that "energy sources which perform at their peak are the most valuable." This is...

Anglo American announced on Monday that it would sell its steelmaking mines in Australia for up to 3,88 billion pounds to UK-based Dhilmar. The move is part of Anglo American's strategy to exit the sector and reduce debt, as well as streamline assets, ahead of a planned merger between Teck Resources, Canada, and Anglo American. Anglo, listed in London, is selling the mines located in Queensland's Bowen Basin - the world's leading steel-making coal region - as part of its plan of divesting -or spinning off - non-core assets before completing the merger between Teck Resources and Anglo that will...

This week, the U.S. will likely move closer to a managed trade system for non-sensitive products. Each side may identify $30 billion in goods that they can reduce tariffs on and sell to one another without violating national security redlines. U.S. -Trade Representative Jamieson Greer first proposed the "Board of Trade", a "deliverable agreement" for this week’s high-stakes'summit' between U.S.-President Donald Trump and Chinese-President Xi Jinping. The plan's contours are still sketchy but there is a clear shift in the dialogue: Washington no longer demands that Beijing change its export-driven and state-directed economic model into one more similar to the...

U.S. legislators criticized Energy secretary Chris Wright for ordering that aging coal plant remain open in hearings held on Wednesday and Thursday, saying: 'the action will raise the already high power bills for steelmakers and consumers. Wright's department ordered in December that two Indiana coal plants, which had planned to?close permanently?, remain open. They said this would reduce the risk of power outages and provide affordable electricity. CenterPoint Energy's and Northern Indiana Public Service Company's coal plants were to be replaced with natural gas or other sources of power. NIPSCO estimates that it will cost them $100 million to maintain...

Coal has been given an unlikely reprieve by the combination of U.S. support and the Iran War. Don't call this a comeback. In the first weeks of Tehran’s war against the U.S., and Israel, the global seaborne thermal prices of coal rose by over 25%. Prices rose to the highest level since late-2024, adding new momentum to a 'unexpected' rebound. This price rise reflects short-term market conditions, not a structural improvement in the?coal economy, as is evident by the fact that prices are only 15% higher than pre-war levels. These recent steps come after coal achieved several positive milestones in...

The 'Coal Ministry' said that India had enough coal to meet what was expected to be a 'unprecedented spike in demand over the summer months. This comes after the gas supply disruptions caused bythe U.S./Israeli war against Iran. In a statement, the Ministry of Energy said that the total coal supply in the country was 210 million tons. This would be enough to?fuel consumption for 88 days. South Asia still depends on coal to generate three-fourths?of its electricity, despite a record-breaking increase in renewable energy production. India is expected to increase its coal power use in order to meet summer...

On Tuesday, officials from Indonesia's trade ministry were bombarded with questions from?exporters? of coal, ferroalloys and palm oil who were concerned?about the impact of a controversial export control plan that aims to maximize profits from Indonesia's natural resources. Businesses expressed concerns about the implementation of the new rules in an online forum hosted by the government. This was despite the fact that the detailed rules were published earlier this week. Last month, President Prabowo revealed a plan that would channel all exports of Indonesia's key commodities through a state-owned firm. The goal was to increase government revenue and tighten controls...

Indonesia has pledged transparency to the state company that will be its sole exporter of important commodities. The transition period from a decentralised system began on Monday, with coal, ferroalloys, and palm oil. On May 20, President Prabowo announced that Indonesia, a resource-rich country, would centralise the control of its exports through a state company called Danantara Sumberdaya Indonesia, which will be overseen and managed by the sovereign wealth fund Danantara. This policy aims to improve tax revenues through tackling under-invoicing, transfer pricing and ensuring proceeds are kept in the country, especially after the rupiah has hit historic lows several...

Danantara, the Indonesian sovereign fund, will honor existing export contracts while reviewing them to ensure prices are not below market rates. This was said by its chief executive on Thursday. The fund is preparing to "take control" of the top commodity shipments in the country. The fund's unit will be the sole exporter for palm oil, ferroalloys, and coal as soon as September, announced President Prabowo on Wednesday. His government is seeking to tighten control over the tax revenue and foreign exchange earned from commodities. Danantara CEO Rosan Roeslani stated that the sovereign wealth fund may negotiate prices that are...

Danantara, the Indonesian sovereign fund, will honor existing export contracts while reviewing them to ensure that prices do not fall below market levels. This was announced by its chief executive on Thursday. The fund is preparing to take over the top commodity shipments of the country. The fund's chief executive said that a unit will be the sole exporter of ferroalloys, coal, and palm oil as soon as September 1. This is because the government wants to tighten control over the tax revenue and foreign exchange earned from commodities. Danantara CEO Rosan Roeslani stated that the sovereign wealth fund may...

On Wednesday, Prabowo Subito, the president of Indonesia, told the parliament that Indonesia would set up a firm to handle exports of natural resource, including palm oil and coal. The President said that the policy is aimed at maximizing government revenue and strengthening monitoring, as well as combating under-invoicing. COMMENTS: EDDY MARTONO (the chairman of GAPKI, the Indonesian palm oil producers 'association) Not all exporters have processing industries. Many of these companies are also traders or trading firms that deal with relatively small volumes in certain countries. What will happen to these companies with the creation of this body?" Even...

Two sources with knowledge of the issue said that Indonesia is planning to create a 'body' that will oversee the exports of certain commodities. This move is intended to?combat under-invoicing?and increase state revenue. The market has been spooked by the news, as Jakarta's main index fell 3.5% on Tuesday. Sources said that all exports of coal and palm oil will be handled by the state agency. Other strategic commodities are expected to follow. Indonesia is the largest exporter of palm oil and thermal coal in the world. They declined to be named as they weren't authorised by the government to...

Customs data showed that China's exports grew faster in January and February, keeping it on track to surpass the $1.2 trillion record trade surplus by 2026. Imports of crude oil and?iron ore also increased in the first half of 2026, compared to a year ago. China combined import data from January and February in order to reduce the impact of the Lunar New Year, which was a week long holiday that fell in February. Table of preliminary data on commodity trade Here are some comments from analysts about the commodity data: PEI HAO is an analyst at?FREIGHT INVESTOR SERVICES in...

Local media reported that the Indonesian government would ask coal'miners with special contracts' to supply a greater portion of their production domestically, as they are expected to receive their 'full output quota request. Kontan, citing a senior energy ministry official, reported that the government wanted 75 million metric tonnes of coal supplied to the state utility Perusahaan Listrik Negara in early 2026 from holders of the first-generation 'contract of works' deals, and state-controlled 'coal miner's. A contract of works is a long-term agreement between the government and miners that has specific rules. This includes taxes. Tri Winarno, an official at...

According to a statement released on Wednesday, Indonesian President Prabowo met late Tuesday with 'five' of the country's leading businessmen, and asked them 'to work together' with the government 'to create jobs' in Southeast Asia's largest economy. The meeting came after a week-long turmoil on the Jakarta Stock Exchange, when index provider MSCI raised questions about transparency and ownership of shares. This led to a frantic sale that erased around $120 billion in market value. Five people were selected: Prajogo Pangastu, the founder of petrochemical comglomerate 'Barito Pacific Group', Anthoni Salim, of 'the Salim Group, a?of?the world’s largest instant noodles...

Energy and Mineral Resources Minister Bahlil lahadalia stated on Thursday that Indonesia could approve a coal production quota "more or less",?600 millions metric tons, in 2026. The nickel quota will be adjusted according to the needs of industry. The output quota will be lower than 790 million tonnes produced last year. However, the actual production of the world's largest thermal coal exporter is often higher than the quota. The government must approve all annual production plans, also known as RKABs, submitted by miners to the country's mineral-rich Indonesia. Bahlil stated that the reduction in quotas was to?support prices of Indonesian...

According to a letter from the Indonesian mining ministry, miners can produce 25 percent of the output they plan for '2026 in the first three months while the government processes the annual production quotas, according to a report by a local media outlet, Bisnis.com, on Monday. To determine?how much production they can produce each year, all miners in Indonesia, which is rich in minerals, are required to submit a RKAB (annual production plan) to the government. Indonesia has reduced the validity of RKABs to one year, starting in 2026. The government has also ordered that miners reapply for the quotas...

A finance ministry official announced?on Friday that Indonesia would issue investment instruments to earn from exporting natural resources. The goal is to ensure exporters follow the rules and keep the foreign currency earnings in the country. The 'new'regulation is intended to increase U.S. Dollar liquidity onshore and stabilize the rupiah rate. It will require that natural resource exporters retain all their foreign currency earnings starting January 1st in state banks for a minimum of a year, and restrict their use. Febrio Kacaribu is a senior official in the Finance Ministry. He told a news conference that new FX bonds will...