Company s 52-week low was at $21.80
Price action over last quarter: Up 2.78%
Company Overview
Arch Resources Inc is a producer of metallurgical and coking coal. The company sells its coal to power plants, steel mills, and industrial facilities. Its operating segment includes Powder River Basin (PRB); Metallurgical (MET); Other Thermal and Corporate. The company generates maximum revenue from the Powder River Basin (PRB) segment. Its PRB segment containing the company s primary thermal operations in Wyoming. The MET segment, containing the company s metallurgical operations in West Virginia, and the Other Thermal segment containing the company s supplementary thermal operations in Colorado and Illinois. Geographically, it derives a majority of revenue from Europe.
3 Short Squeeze Candidates In The Energy Sector yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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Crafting greener steel is crucial to achieving the decarbonization necessary to meet global targets aligned with the Paris Agreement on climate change, but many challenges lie ahead.
Steel is an emissions-intensive material used in a broad array of products. Producers are under rising pressure to lower their environmental footprints as investors increasingly focus on environmental, social and governance issues.
Major steel companies worldwide have committed to net-zero emissions by 2050, including Luxembourg-based steelmaker ArcelorMittal, Japanese producer Nippon Steel Corp., South Korean company POSCO, and China Baowu Steel Group Corp. Ltd.
World Steel Association data from 2019 shows that ArcelorMittal is the largest steel producer in the world. It also produces the most greenhouse gas emissions in the sector, according to data from Trucost.
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16 Feb, 2021 Author Taylor KuykendallKrizka Danielle Del Rosario
A miner operates a piece of equipment at an underground coal mine in the Illinois Basin. Like the rest of the U.S., the region has been heavily impacted by declines in domestic coal demand.
Source: S&P Global Market Intelligence
The latest data again confirmed what many have long suspected: Former President Donald Trump s promise to put U.S. coal miners back to work was a bust. As President Joe Biden looks to accelerate the energy transition, some groups worry that things could worsen for U.S. coal communities without supportive policies.