olivLaw · US equity research
Ramaco Resources, Inc. METCB
Silver Ores · SIC 1220 · Vertical: Coal mining (SIC 122x)
Ramaco Resources is an operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia that is expanding into rare earths and critical minerals through the Brook Mine project in Wyoming. The company reported revenue of and liquidity of, while the Brook project could become an important pillar if the study and financing steps are confirmed.
At the close of 02 Nov 2026, Ramaco Resources, Inc. (METCB) stock was 4.23 USD (+2.30% on the day), with market capitalisation 187.6 m USD, dividend yield 1.34%, beta 1.07, 52-week range 3.78–16.17 USD. Latest reported quarter (Q2 2026): revenue of 144.8 m USD (−5.3% YoY), net income of -15.4 m USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 45.3
- neutral
- Bollinger (20, 2)
- 3.66 – 4.66
- in the upper half of the band · %B 0.56 · band width 24.2%
- SMA 50 / 200
- 5.12 / 8.89
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.22 / -0.32
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.4% | −2.3% | −0.1 pp | — |
| 3 months | −38.7% | −0.8% | −37.9 pp | — |
| 6 months | −57.9% | +4.7% | −62.7 pp | — |
| Year to date | −63.2% | +10.2% | −73.3 pp | — |
| 1 year | −70.5% | +10.3% | −80.8 pp | +0.9% |
| 3 years | −65.0% | +73.0% | −138.1 pp | −16.4% |
| 5 years | unavailable | +61.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 167.4 m | 170.9 m | 134.7 m | 153.0 m | 121.0 m | 128.0 m | 121.6 m | 144.8 m |
| Cost of revenue | 134.7 m | 136.1 m | 114.1 m | 134.2 m | 101.8 m | 107.1 m | 108.5 m | 128.2 m |
| SG&A | 12.9 m | 11.4 m | 14.6 m | 15.2 m | 16.1 m | 19.6 m | 20.3 m | 17.6 m |
| Operating income | 1.6 m | 6.4 m | -12.0 m | -13.8 m | -14.5 m | -15.6 m | -24.3 m | -18.2 m |
| Depreciation & amortisation | 17.8 m | 16.7 m | 17.5 m | 17.0 m | 17.1 m | 16.5 m | 16.6 m | 16.8 m |
| Interest expense | 1.7 m | -10.6 m | -2.2 m | -2.8 m | 2.3 m | -15.1 m | -334.0 k | -1.5 m |
| Pre-tax income | -178.0 k | 6.1 m | -13.7 m | -16.0 m | -16.6 m | -15.8 m | -24.2 m | -19.6 m |
| Income tax | 61.0 k | 2.2 m | -4.3 m | -2.0 m | -3.3 m | -1.1 m | -5.8 m | -4.2 m |
| Net income | -239.0 k | 3.9 m | -9.5 m | -14.0 m | -13.3 m | -14.7 m | -18.3 m | -15.4 m |
| Diluted EPS | -0.03 | — | — | — | — | — | — | — |
| Operating cash flow | 37.4 m ≈ | 15.7 m | 26.0 m | -4.3 m ≈ | -1.4 m ≈ | -18.4 m | -34.6 m | 12.2 m ≈ |
| Dividends paid | 8.0 m ≈ | 128.0 k | 2.5 m | 1.9 m ≈ | 0 ≈ | 0 | — | — |
| Share repurchases | — | — | — | — | — | — | 11.9 m | 54.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 227.6 m | 168.9 m | 168.9 m | 283.4 m | 565.7 m | 693.5 m | 666.3 m | 536.6 m |
| Revenue YoY | +272.9% | −25.8% | 0.0% | +67.8% | +99.6% | +22.6% | −3.9% | −19.5% |
| Net income | 25.1 m | 24.9 m | -4.9 m | 39.8 m | 116.0 m | 82.3 m | 11.2 m | -51.4 m |
| Net income YoY | unavailable | −0.6% | −119.7% | unavailable | +191.9% | −29.1% | −86.4% | −559.7% |
| Diluted EPS | 0.62 | 0.61 | -0.12 | 0.90 | 2.60 | 1.73 | 0.11 | -0.99 |
| Diluted EPS YoY | unavailable | −1.6% | −119.7% | unavailable | +188.9% | −33.5% | −93.6% | −1,000.0% |
| net % | 11.0% | 14.8% | -2.9% | 14.0% | 20.5% | 11.9% | 1.7% | -9.6% |
| Free cash flow | -12.0 m | -3.3 m | -11.4 m | 23.9 m | 64.9 m | 78.1 m | unavailable | unavailable |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 440.3 m USD
- Financial debt
- 467.6 m USD
- Net debt
- 27.3 m USD
- Equity
- 483.6 m USD
- Total assets
- 1.1 bn USD
- Debt / equity
- 0.97x
- Current ratio
- 5.46x
- ROE
- -12.2%
- ROA
- -5.7%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 168.9 m | 283.4 m | 565.7 m | 693.5 m | 666.3 m | 536.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Cost of revenue | 145.5 m | 195.4 m | 333.0 m | 493.8 m | 533.3 m | 453.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Gross profit | 23.4 m ≈ | 88.0 m ≈ | 232.7 m ≈ | 199.7 m ≈ | 133.0 m ≈ | 83.2 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| SG&A | 21.0 m | 21.6 m | 40.0 m | 48.8 m | 49.3 m | 69.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Operating income | -19.1 m | 39.5 m | 150.4 m | 95.2 m | 16.6 m | -56.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Depreciation & amortisation | 20.9 m | 26.2 m | 41.2 m | 54.3 m | 65.6 m | 68.2 m | SEC (XBRL)· 26 Feb 2026verified |
| EBITDA | 1.8 m ≈ | 65.7 m ≈ | 191.6 m ≈ | 149.5 m ≈ | 82.3 m ≈ | 12.2 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| Interest expense | 1.2 m | 2.6 m | — | -8.9 m | -6.1 m | -7.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Pre-tax income | -8.4 m | 44.4 m | 146.2 m | 104.7 m | 14.9 m | -62.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Income tax | -3.5 m | 4.6 m | 30.2 m | 22.4 m | 3.7 m | -10.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Net income | -4.9 m | 39.8 m | 116.0 m | 82.3 m | 11.2 m | -51.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Diluted EPS | -0.12 | 0.90 | 2.60 | 1.73 | 0.11 | -0.99 | SEC (XBRL)· 26 Feb 2026verified |
| Weighted average diluted shares | 42.5 m | 44.3 m | 44.7 m | — | — | — | SEC (XBRL)· 14 Mar 2023verified |
| Dividend per share | — | 0.06 | — | — | — | — | SEC (XBRL)· 01 Apr 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 5.3 m | 21.9 m | 35.6 m | 42.0 m | 33.0 m | 440.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Receivables | 20.3 m | 44.5 m | 41.2 m | 96.9 m | 73.6 m | 54.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Inventories | 11.9 m | 15.8 m | 45.0 m | 37.2 m | 43.4 m | 87.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Current assets | 42.5 m | 86.8 m | 147.5 m | 189.7 m | 167.6 m | 597.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Property, plant & equipment, net | 180.5 m | 227.1 m | 429.8 m | 459.1 m | 482.0 m | 511.9 m | SEC (XBRL)· 26 Feb 2026verified |
| Total assets | 228.6 m | 329.0 m | 596.3 m | 665.8 m | 674.7 m | 1.1 bn | SEC (XBRL)· 26 Feb 2026verified |
| Accounts payable | 11.7 m | 15.3 m | 34.8 m | 51.6 m | 48.9 m | 41.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Short-term debt | 4.9 m | 7.7 m | 35.6 m | 56.5 m | 359.0 k | 56.0 k | SEC (XBRL)· 26 Feb 2026verified |
| Long-term debt | 12.6 m | 3.3 m | 18.8 m | 349.0 k | 57.0 k | 467.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Current liabilities | 29.1 m | 46.7 m | 162.8 m | 170.0 m | 122.4 m | 109.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Total liabilities | 59.5 m | 118.0 m | 287.1 m | 296.2 m | 311.9 m | 657.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Equity | 169.1 m † | 211.1 m † | 309.2 m † | 369.6 m † | 362.8 m † | 483.6 m † | SEC (XBRL)· 26 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 13.3 m | 53.3 m | 187.9 m | 161.0 m | 112.7 m | 2.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Capex | 24.8 m | 29.5 m | 123.0 m | 82.9 m | — | — | SEC (XBRL)· 14 Mar 2024verified |
| Free cash flow | -11.4 m ≈ | 23.9 m ≈ | 64.9 m ≈ | 78.1 m ≈ | — | — | SEC (XBRL)· 14 Mar 2024derived |
| Investing cash flow | -24.8 m | -59.6 m | -145.7 m | -72.2 m | -70.8 m | -83.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Financing cash flow | 11.3 m | 22.4 m | -28.5 m | -82.5 m | -50.8 m | 489.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Dividends paid | — | 20.0 m | 20.0 m | 25.8 m | 24.6 m | 4.3 m | SEC (XBRL)· 26 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 31.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 187.6 m USD
Key indicators
Coverage and freshness
Score by group
31% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.75 – 1.00 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)0.75 – 1.00 (Mid 0.85)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 31.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -12.0% | 8 (vs peers) | 20% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -1.7% | 0 (on a fixed band) | 27% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -4.9x | 0 (on a fixed band) | 20% |
| Current ratio · Balance sheet | 4.2x | 100 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 2.3% | 33 (on a fixed band) | 20% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial8/100 · 1/3 factors with a value
- Returns· partial33/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Ramaco Resources, Inc. (METCB). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 536.6 m USD in 2025; YoY growth -19.5%; net margin -12.0%; ROE -17.1%.
The estimated value range is 0.75–1.00 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.85 USD, the price of 4.22 USD leaves a potential of -79.8% (value / price − 1) and a margin of safety of -394.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 31.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 4.2x
What contradicts it
- Net margin: -12.0%
- Revenue CAGR 3Y: -1.7%
- Interest coverage: -4.9x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Coal mining (SIC 122x) · same industry group (3-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HCCWarrior Met Coal, Inc. | 4.3 bn | 19.8 | 10.0% | 13.0% | −14.1% | +5% / +47% |
| CNRCore Natural Resources, Inc. | 4.2 bn | 42.4 | 2.7% | 2.3% | +86.2% | +5% / −21% |
| ARLPAlliance Resource Partners LP | 3.4 bn | 12.7 | — | 12.3% | −10.4% | +8% / +25% |
| BTUPeabody Energy Corp | 2.6 bn | — | -5.0% | -4.3% | −8.9% | −23% / −12% |
| AMRAlpha Metallurgical Resources, Inc. | 2.0 bn | — | -3.0% | -2.2% | −28.0% | −3% / −45% |
| NRPNatural Resource Partners LP | 1.5 bn | 14.2 | — | — | −16.6% | +9% / +50% |
| METCRamaco Resources, Inc. | 292.7 m | — | -17.1% | -12.0% | −19.5% | −58% / −60% |
| ARECAmerican Resources Corporation | 116.1 m | 1.7 | 718.3% | — | −100.0% | −61% / −35% |
1- and 3-year price returns: for METCB from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Ramaco Resources is an operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia that is expanding into rare earths and critical minerals through the Brook Mine project in Wyoming. The company reported revenue of 1 and liquidity of 2, while the Brook project could become an important pillar if the study and financing steps are confirmed.
SWOT
Strengths
- Cash costs in the first quartile of the US cost curve and high-quality reserves provide a solid operating base.
- High liquidity and a balance sheet that management describes as among the strongest in the company's history.
- Extensive property and resource portfolio allows capital flexibility during difficult market periods.
Weaknesses
- Revenue depends on volatile metallurgical coal prices and the company does not enter into long-term coal sales contracts.
- The rare earths segment has no reserves yet and generates no revenue, making future performance uncertain.
- 2026 production and sales guidance were reduced, reflecting weakness in the high-vol coal market.
Opportunities
- Growing the share of low-vol coal could improve prices and margins, especially through the planned Maben underground development.
- The Brook project could attract public or private financing and long-term offtake contracts if studies confirm viability.
- Political interest in domestic critical mineral supply chains could ease permitting and bring government support.
Threats
- Global steel oversupply and Chinese steel exports could keep coal prices below expectations.
- Brook project capital costs are large and start-up timing could slip further.
- Changes in trade policy or tariffs could affect exports and supply costs.
Risks
- Dependence on coal priceshigh
The company does not enter into long-term coal sales contracts, so revenue can fluctuate significantly with the market.
- Brook project developmenthigh
The project has no rare earth reserves yet and depends on successfully turning the deposit into a commercial-scale mine.
- Customer concentrationmedium
Loss of or a significant reduction in purchases by the largest coal customers could affect revenue and cash flows.
- Debt and covenantsmedium
Convertible notes and credit agreements impose restrictions that could limit operating and financial flexibility.
- Regulation and permitsmedium
Mining and environmental permits are costly and slow to obtain, and legislative changes could raise operating costs.
Investment thesis
What would need to be true (bull case)
- If the Brook project studies confirm the estimated value, the company could become a dual-platform producer of coal and critical minerals with significant growth potential.
- Low cash costs and the growing share of low-vol coal could support better margins when the market recovers.
- High liquidity and share repurchases could strengthen the capital structure and support shareholder value.
What would break the thesis
- If the metallurgical coal market stays weak for a long period, revenue and profitability could remain below expected levels.
- The Brook project requires very large investment and a long timeline, and delays could push the estimated benefits far into the future.
- Diversifying into critical minerals could add new risks if the technical process or project economics do not hold up.
What to watch
- Interim economic update for the Brook projectyear-end 2026
- Delivery against 2026 production and sales guidanceQ4 2026
- Completion of the Maben rail loadoutQ4 2026
- Trend in low-vol and high-vol coal pricesnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Ramaco Resources, Inc. is a Delaware corporation headquartered in Lexington, Kentucky, which operates and develops low-cost metallurgical coal in southern West Virginia and southwestern Virginia 1. The company holds 85 million reserve tons and 1,337 million measured and indicated resource tons of metallurgical coal 1. Since mid-2025 it has also started developing rare earth and critical mineral operations at the Brook Mine near Sheridan, Wyoming 1. The business is organized in two reportable segments: metallurgical coal and rare earths and critical minerals 1.
Segments
Metallurgical Coal
This is the main revenue source, with coal sold to North American steel mills and coke plants as well as to export markets 1. In the first six months of 2026 revenue was 2, and the company cut its 2026 production guidance because of weak high-vol coal markets, while keeping cash costs below 100 dollars per ton in the second quarter 3.
Market context
The metallurgical coal market remained soft in 2026 because of limited economic growth in some regions and oversupply in steel, with some contract prices below second-quarter averages 2 3. Over the longer term the company sees support from limited investment in new coking coal capacity and urbanization in emerging economies 2. Demand for rare earths and critical minerals is meanwhile driven by permanent magnets, defense and semiconductors, while China dominates the supply chain 1 3.
Trends
- Weak steel demandheadwind
Global steel demand slowed, especially in China, reducing the price steelmakers are willing to pay for coal; cuts by high-cost producers could support prices 2.
- Low-vol coal strengthtailwind
The low-vol coal market has been stronger than the high-vol market, which is why the company is shifting its mix toward this product 3.
- Demand for critical mineralsmixed
US dependence on China-controlled supply chains has increased interest in domestic rare earth and critical mineral production, but new projects require long lead times and large capital 1 3.
- Fuel costs and trade policyheadwind
High fuel costs linked to Middle East conflicts and tariff uncertainty could pressure margins, although exports have not yet been significantly affected 2 3.
Competitive position
In metallurgical coal the company competes with other US and Australian producers, with Australia enjoying lower costs but a longer logistics route to Atlantic buyers 1. In rare earths competition comes mainly from Chinese producers, who control much of global refining and production 1. The company also notes that consolidation in the critical minerals industry could increase competition 1.
- Chinese rare earth producers
Control most of global refining and production capacity, and their export restrictions can influence prices in the US market.
- Australian metallurgical coal producers
Produce at lower cost and have logistical advantages for Pacific Basin customers.
- Other US Appalachian metallurgical coal producers
Compete for the same steel and export customers, especially in the high-vol segment.
- Canadian metallurgical coal producers
Partly supply Pacific Basin markets, particularly when there is a supply shortfall from Australia.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Ramaco CEO Faults China Steel Dumping for Met-Coal Miners’ WoeBloomberg Markets · 18 May 2026 · EN
- Ramaco’s Rare Earth GambleBloomberg Markets · 18 May 2026 · EN
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Ramaco Resources, Inc. · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Ramaco Resources, Inc. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Ramaco Resources, Inc. · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.