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Coal miners jump after Trump signs executive orders to boost industry

ReutersApr 8, 2025 9:12 PM

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%

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