I've placed this into this thread only because of coal's relationship with steel making. Also, didn't wish to start a new thread, but coal is primarily an energy commodity. Also, this is a little bit of old news but I went looking after I noticed the ETF 'KOL' was no longer was trading. Dec 14th looked like it was the last trading day. The Only Coal ETF Is Closing. What It Means for Investors. By Leslie P. Norton Dec. 17, 2020 12:13 pm ET https://www.barrons.com/articles/th...osing-what-it-means-for-investors-51608225200 The only coal-focused exchange-traded fund is closing at 12 years old, another sign of investors’ desire to withdraw from the industry. The VanEck Vectors Coal ETF, which went public in January 2008 under the ticker KOL, stopped trading this month and will return investors’ money on Dec. 22. It had about $35 million in assets. At its height in 2011, the ETF had $908 million, said Ed Lopez, head of ETF Product at VanEck Associates. The move comes as other investment companies withdraw from funding coal businesses. In January, BlackRock said the firm’s actively managed funds would no longer hold shares of companies that derive more than 25% of revenues from thermal coal. It unveiled a major expansion of its sustainable-investing lineup. This month, New York state’s $226 billion pension fund set itself the goal of reducing net emissions of greenhouse gases from its portfolio to zero by 2040. It said it is divesting from coal and tar sands and will next review fracking companies, major oil companies, fossil-fuel companies and oil-and- gas transportation and pipelines. A number of big money managers have also set net-zero targets for their portfolios, as the Paris Agreement to curb the rise in global temperatures marks its fifth anniversary. In such an environment, it’s no surprise that coal’s fans are diminishing. In a statement, VanEck said it “continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management and investor interest, among others. The decision was made to liquidate the fund based on an analysis of these factors.” VanEck has been adding green offerings in recent years, including the $240 million VanEck Vectors Low Carbon Energy ETF (ticker: SMOG) and the $50 million VanEck Vectors Green Bond ETF (GRNB).