Trump plans to sign the "Black Gold Revival Decree" to rejuvenate the coal industry and support the AI industry.

According to reports, US President Trump will sign an executive order on Tuesday afternoon aimed at expanding domestic coal mining and usage. This move is intended to provide energy security for high-energy artificial intelligence (AI) data centers and revitalize the declining fossil fuel industry. According to a senior White House official, the executive order will include several federal measures to revitalize the coal industry. Core measures include restoring federal land coal mining rights, designating coal as a key strategic mineral, and promoting US coal and related technology exports. Analysis indicates that the Trump administration views the country's coal reserves as an important strategic resource to maintain a competitive advantage in the AI field and national security. During his campaign last year, Trump promised to revitalize the coal industry and earlier in his presidency signed an executive order declaring a national energy emergency, directing the EPA to expand fossil fuel production and supply. According to the schedule, Trump will hold the signing ceremony in the East Room of the White House at 3 pm Eastern Time. It is reported that executives from major US mining companies such as Peabody Energy, Core Natural Resources, and Ramaco Resources will attend the ceremony. In response to this news, coal stocks rose in pre-market trading: Peabody Energy rose nearly 7%, Alliance Resource Partners briefly rose 3%, Core Natural Resources rose over 4%, Warrior Met Coal rose 7%, and Alpha Metallurgical Resources rose over 2%. It is understood that in the past thirty years, the US has significantly reduced its coal usage, with coal-fired power accounting for 52.8% in 1997 dropping to 19.7% in 2022. According to data from the US Global Energy Monitor (GEM), approximately 770 coal-fired power generator units have been retired since 2000, and more units are expected to shut down in the future.