Kontrarian Korner #64 - Matt Warder

On Friday I had Matt Warder back on the podcast for an update on the coal sector. We also got into copper, rare earths, and several other big picture financial market topics. If you’re interested in the coal sector or have some of the individual coal stocks on your watchlist, you guys will like this one. If you’re listening on one of the podcast apps, you might want to switch to YouTube or Substack because Matt shared some charts along the way. You can find The Coal Trader Substack below, but he’s also on Twitter.

Podcast Summary

* High level view for met coal vs. thermal and why the worst is behind us for both commodities.

* Why coal is approaching a trough at some point in the next 18 months for the next 5 year cycle.

* How the war in Ukraine and European steel production could have an impact on met coal.

* Copper, rare earths, MP Materials, and how the government is going to play a role in several different critical supply chains moving forward.

* The ties between natural gas and thermal coal.

* At the end we get some of the individual names in the sector and he lays out why he is partial to Core Natural Resources CNR now.

* The factor driven rally in recent weeks where high short interest stocks have rallied, which also included the coal stocks.

* How tariffs and other political headlines impact the coal sector.

* The dollar, interest rates, and other macroeconomic factors that feed into commodity markets.

* Book Recommendation: Apple In China by Patrick McGee.

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