Rephonic
Artwork for The Coal Trader
Thermal Coal
China
Metallurgical Coal
Met Coal
India
Coal Stocks
Coal
Powder River Basin
Natural Gas
Stock Market
Illinois Basin
US East Coast
BHP
Anglo
Coronado Coal
Rare Earths
Newcastle Coal Prices
Clear Commodity Network
Yancoal
LNG

The Coal Trader Podcast cuts through the noise in global coal markets. Hosted by industry veterans Matt Warder and Joe Aldina, the brains behind thecoaltrader.com, this podcast delivers sharp insights on thermal and met coal, pricing trends, supply shifts, and key company news. Perfect for retail investors tracking energy and commodities. Follow for regular updates that help you invest smarter.

PublishesTwice monthlyEpisodes19Foundeda year ago
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Latest Episodes

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

As we officially cross out of the shoulder season and look toward the upcoming demand season, the global coal complex is flashing massive green lights. Matt and Joe run ... more

Hosts: Matt Warder & Joe Aldina | Brought to you by: The Clear Commodity Network

A massive news week across the global energy and coal complex. In this episode, Matt and Joe run the entire board: thermal coal is carving out a massive physical base, ... more

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

The expected "shoulder season" lull has vanished as global energy security concerns and inflationary pressures push coal prices higher. Matt and Joe break down the massi... more

Hosts: Matt Warder & Joe Aldina | Brought to you by the Clear Commodity Network

As energy markets stare down the "shoulder season," Matt and Joe break down the massive volatility coming out of the Strait of Hormuz and what it means for coal stocks. ... more

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Recent Guests

Trevor Hall
Host of Mining Stock Daily Podcast, CEO of Clear Commodity Network
Clear Commodity Network / Mining Stock Daily
Episode: Episode 14: Hormuz, Gas Spikes & The "Ayatollah Toll"
Rory Johnston
Host of the Oil Ground Up Podcast and founder of Commodity Context
Commodity Context
Episode: Episode 5 - Thermal Rerate, Warrior’s Beat, and Coal Cycle Math

Hosts

Matt Warder
Host of The Coal Trader Podcast; co-founder of thecoaltrader.com; ongoing host associated with The Coal Trader network.
Joe Aldina
Co-host of The Coal Trader Podcast; co-founder of thecoaltrader.com; regular host discussing coal markets and investment angles.

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Talking Points

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Episode 18 - The Coal Trader Podcast: Global Supply Squeezes & The Structural Setup
Q: Where do forward contract prices seem to be headed and how will profits look into 2026-27?
The hosts explain that forward prices need to be converted from port to seller currency, account for transport costs, and then compare to domestic benchmarks; while some normalization may occur, profits depend on fluctuations in freight, port charges, and Platts assessments, with potential improvement in domestic pricing next year.
Episode 14: Hormuz, Gas Spikes & The "Ayatollah Toll"
Q: Do the readers' questions change the investment thesis for the US METC players?
Overall theme remains supportive: higher floor on METC and thermal coal due to limited LNG supply and higher gas prices; the questions mainly sharpen the view on distribution and potential long-term cash flows for select coal names.
Episode 13: The Hormuz Hedge - Geopolitics Jolt the Coal Markets
Q: Is the global cost curve sustainable given slim margins for mid-coal players like AMR, Peabody, and CNR?
The discussion suggested that marginal costs are rising due to currency effects, higher labor and royalty costs, and a tighter supply environment, implying a higher price floor and that margins may be under pressure but still sustainable if prices hold in the 225-250 range later in the year.
Episode 15 - Volatility, Ceasefires, and the Shoulder Season Setup
Q: Travis asked about whether MET Premium Low Vol is likely to stay around $220-$230 or move toward $180; what's your view on near-term price direction?
We expect prices to edge lower toward the $195-$200 area as shoulder season weakens demand and spot activity pauses; however, the overall plan is to see a bottom first, with thermal potentially leading the way and MET lagging before a possible late-spring/early-summer reacceleration.
Episode 10 - Freezing Grids & Firming Prices: Why Coal is Outperforming Gas in the Deep Freeze
Q: What will be the average price for PLV Coal futures over the next five years?
I think we're going to average about $265 over the next five years, and I see the floor at about $175 going forward.

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Frequently Asked Questions About The Coal Trader

What is The Coal Trader about and what kind of topics does it cover?

A concise look at energy markets centered on coal, with frequent emphasis on price dynamics, supply disruptions, and geopolitical risk. Episodes regularly analyze thermal and metallurgical coal, price benchmarks, and stock implications for investors, often pairing macro drivers like weather, LNG competition, and sanctions with actionable trading ideas and company news. Noteworthy is a pragmatic investor orientation: the hosts blend market commentary with reader questions and sponsor mentions, while maintaining a steady focus on how policy shifts and market microstructure shape opportunities for retail investors tracking energy commodities.

Overall, the show stands out for its consistent, numbers-driven exploration of coal markets, the freq... more

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Which podcasts are similar to The Coal Trader?

These podcasts share a similar audience with The Coal Trader:

1. Mining Stock Daily
2. Oil Ground Up
3. Yet Another Value Podcast
4. Money of Mine
5. Mining Stock Education

How many episodes of The Coal Trader are there?

The Coal Trader launched a year ago and published 19 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Coal Trader?

Recent guests on The Coal Trader include:

1. Trevor Hall
2. Rory Johnston

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