Foresight Energy LP (fka FELPQ)

[StockRoomBully]

"world's need for carbon, steel and infrastructure continues"..

metallurgical carbon market has been experiencing, they may ultimately benefit from the expected boom forecasted between the years 2019-2023. Presently the total market is estimated to be worth well over a staggering $179.71 billion. With an expected compound annual growth rate of 3.2%, the global metallurgical carbon market is anticipated to hit $239.34 billion by the year 2026. In essence, the time to invest and potentially "steel" the future is now.

Because over 74% of the total amount of steel in the world has an irreplaceable ingredient - metallurgical carbon. More importantly, ARC has access to tons of it.

metallurgical carbon is a vital raw material in the infrastructure industry; however, it is also very versatile, and serves as an active ingredient for products other than steel. And, even as met carbon is a raw material for production, it is also one of the finished products of coal. Thus, not all coal is dirty. In fact, coal should be more properly recognized as a natural and dynamic mineral resource where, during its refining, several important products are formed - one of which is specialty carbon

In yet another example of the perceived strength of the metallurgical coal sector, thermal coal producer Murray Energy Corp. is purchasing Mission Coal Co. LLC's coking coal assets, while another pure-play thermal coal producer's financial situation continued to deteriorate this week.

Mission Coal, which filed for bankruptcy protection in October 2018, will sell some of its mines in West Virginia and Alabama to Murray Energy in a $264.7 million deal, but a few other assets are being sold to other companies.

"Murray Energy's acquisition of the Mission assets provides a significant entrance into the metallurgical coal market, allowing for diversification of its portfolio of quality mining assets," the company said in a March 28 news release.

https://www.spglobal.com/marketintelligence/en/news-insights/trending/KjHOKyWFG7zw6Ilbl3KybA2