The Met Coal Setup Most Investors Are Missing
- Steel production requires metallurgical coal; no industrial substitutes exist.
- The U.S. and Colombia recently classified it as critical.
- Forge Resources is positioned to supply this scarce resource.
Forge Resources (CSE: FRG | OTCQB: FRGGF): The Met Coal Setup Most Investors Are Missing
Disseminated on behalf of Forge Resources Corp.
Roughly 1.9 billion tonnes of steel get produced globally every year. Every tonne requires metallurgical coal to manufacture. There is no industrial-scale substitute, and there isn't one in development.
That single chemistry fact sits behind one of the most overlooked setups in resource markets right now, and behind a small Colombian developer most investors still haven't put on a watchlist.
Forge Resources Inc. (CSE: FRG, OTCQB: FRGGF) is a Colombia-focused metallurgical coal company whose flagship asset, the La Estrella project in Santander, is fully permitted and actively advancing, according to the company. The thesis is straightforward. Coking coal is being repriced as a strategic material on both sides of a major trade relationship. New supply is scarce. Forge is positioned to put new tonnes into a market that has suddenly started to care.
Here is why that matters now.
The steel reality
The warships rolling out of shipyards from Norfolk to Busan, the fighter jets coming off aerospace lines, the armoured vehicles defining modern ground forces, the bridges and rail and high-rises being put up across emerging markets, all of it is steel. And steel is coking coal.
Not as a fuel that swaps out for solar or hydrogen. As a chemical reductant in the blast furnace process, with no industrial-scale alternative in commercial use. That is true today, and it remains true on even the most aggressive decarbonization timelines.