The Stock of the Coal Producer Alpha Metallurgical Resources is on the Verge of Trend Following!

Alpha Metallurgical has established itself as one of the leading players in the mining industry for metallurgical coal, particularly coking coal, which is primarily used in steel production. The market for metallurgical coal has recently seen a significant decline, dropping from record prices of $450 in 2022 to just $110 per ton. Analysts point out that current prices may not be sustainable in the long term. It is believed that prices of $240-250 per ton would be necessary to ensure a sufficient and stable supply of the market over time. This...