Coal news and updates

Coal Prices Remain Strong, Despite Falling U.S. and European Demand. The Reason: Asia-Pacific.

Coal may be losing market share as a major energy source in some parts of the world, but the death knell for the industry hasn’t sounded yet, and might not for decades.

Thermal coal, which is used for power generation, is a “declining commodity,” admits James Stevenson, the research lead for coal, metals, and mining at IHS Markit. He notes that in the U.S., coal demand is about half what it was over a decade ago.

The meteoric rise of fund company ARK Invest and its outspoken founder Cathie Wood was the biggest success story of 2020. Last year, however, was a very different story.

ARK Innovation (ticker: ARKK), the firm’s flagship fund, peaked in February 2021. As we near that anniversary, the fund is down 52% from the peak. This is bad news for recent investors in the fund, but there are lessons here for everyone.