Trump's tariffs could ricochet on coal country [CNNMoney.com]
Arch Resources, Inc. Class A (ARCH)
Last arch resources, inc. class a earnings: 4/23 06:30 am
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Source: CNNMoney.com
Trump's tariffs could ricochet on coal countryPresident Trump's steel and aluminum tariffs may invite retaliation against American coal, an industry he promised to revive.Surging exports have been one of the only recent bright spots in beleaguered coal country. Demand in the United States has shrunk because of competition from natural gas and renewable energy, but the appetite for coal is strong in the fast-growing economies of Latin America and Asia.But coal country could be harmed if Trump follows through on a vow to impose a 25% tariff on steel imports and a 10% levy on aluminum.Brazil, a major exporter of steel to the United States, has already hinted at retaliation. Brazil's Industry Ministry warned last week that it may take action to "preserve its national interest" in response to Trump's tariffs.The statement pointedly noted that Brazil is the largest importer of U.S. metallurgical coal, the type used in steelmaking.To feed its steel industry, Brazil imported 5.2 million metri
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ARCH
News
- Arch Resources, Inc. (NYSE: ARCH) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $180.00 price target on the stock.MarketBeat
- Arch Resources, Inc. (NYSE: ARCH) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $170.00 price target on the stock, down previously from $185.00.MarketBeat
- Arch Resources to Announce First Quarter 2024 Results on April 25PR Newswire
- Arch Resources, Inc. (NYSE: ARCH) had its price target lowered by analysts at B. Riley from $198.00 to $193.00. They now have a "buy" rating on the stock.MarketBeat
- Arch Resources, Inc. (NYSE: ARCH) had its price target raised by analysts at Citigroup Inc. from $160.00 to $185.00. They now have a "buy" rating on the stock.MarketBeat
ARCH
Earnings
- 2/15/24 - Miss
ARCH
Sec Filings
- 4/5/24 - Form SC
- 3/27/24 - Form DEF
- 3/27/24 - Form DEFA14A
- ARCH's page on the SEC website