Episode Details

Recorded on February 24 2026 #Millettian AI era electricity demand is forcing investors to rethink coal. In this conversation Steve Yang sits down with Matt Warder of The Coal Trader to break down why data center buildouts can keep baseload generation in focus and why coal fundamentals still move on old-school commodity constraints like supply lag, infrastructure, and policy. Matt explains the key split between thermal coal for power and metallurgical coal for steel and why each market has its own cycle, catalysts, and price sensitivity. They dig into the storage bottleneck, what it would take for coal plants to…