S&P Global: “Trump’s Push to Revive US Coal Faces Weak Market Demand after Failed Lease Sales”
RFF Senior Fellow Joshua Linn shares brief thoughts on the economics of coal in the United States.
“At least one lease could be counted as a success for the administration: Alabama-based Warrior Met Coal Inc. secured a bid for a lease area in Alabama containing 53 million short tons of recoverable metallurgical coal, which is used for steelmaking. The company bid $46.8 million for 14,050 acres of federal mineral estate...
But one met coal lease does not reverse the trend.
‘There have been some changes that tried to make coal more economical, but those other forces are just gigantic,’ said Josh Linn, a professor at the University of Maryland and a senior fellow at Resources for the Future, an environmental research nonprofit.
