Coal miners jump after Trump signs executive orders to boost industry

Warrior Met Coal

08/04/2025 22:12

Updates

** Shares of coal producers jump in aftermarket trading after U.S. President Donald Trump signed executive orders aimed at boosting coal production

** Trump's orders consist of efforts to save coal plants that were likely to be retired and include unlocking authorities in the Defense Production Act of 1950 to boost coal production

 ** Orders direct Energy Secretary Chris Wright to determine whether coal used in steel production is a "critical mineral" and asks Interior Secretary Doug Burgum to acknowledge the end of a moratorium that paused new coal leasing

 ** Shares of Peabody Energy BTU.N jump 12.3%, while Core Natural Resources CNR.N gains 7.5%

 ** Warrior Met Coal HCC.N up ~2%, NACCO Industries NC.N gains 3%

 ** U.S.-listed shares of BHP Group BHP.AX, BHP.N rise 1.4%

(Reporting by Tanay Dhumal and Vallari Srivastava in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))