Nothing will help Trump keep the coal industry

After climbing the White House, Donald Trump received coal warmly. It removed regulations on its use and removed some federal subsidies for alternative energies such as solar and wind power, and electric cars. Some miners have even returned to industrial jobs as producers expect utilization to rise.

Only not quite like that, the coal did not come back. If anything, it is support for the life of coal. Contrary to arguments, he was not killed by rules and liberals, but by capitalism and technology. Removing subsidies for cleaner alternatives will only make them more efficient, further exacerbating coal demand.

Coal has dominated for many years for many reasons: it's cheap, and that's a lot. It is stable and unlikely to explode or catch fire, it can be easily converted to heat, light and electricity. For most of three centuries, coal was the main source of energy for industry and transportation.

The rise in the use of oil and natural gas has led to closer scrutiny of the external costs of coal. He could not stand this selection. Coal contributes to a variety of pollutants, including particulate matter (soot) and smog. It is also not particularly efficient for transportation.

However, we expect large coal miners such as Vale, Rio Tinto, BHP and Fortescue Metals Group to outperform iron ore prices due to their lower cash costs and improved efficiency.