Hanseberg Group
Hanseberg Group
Mining and Trading House from Düsseldorf
Hanseberg Group
Mining and Trading House from Düsseldorf.
Product Portfolio
Product Portfolio
Exemplary Projects
Exemplary Projects
Weekly News
Copper
GLOBAL COPPER SMELTERS LESS ACTIVE AFTER CHINNA PLANNED PRODUCTION SLASH
11.04.2024
More global copper smelters not operating in March after Chinese smelters to slash production and operations undertook planned maintenance. China top copper smelters to cut production by 5 – 10 pct due to shortages in supplies of raw material and losses at some operations.
CHILE COPPER PRODUCTION RISE 9.8 PERCENT, CODELCO OUTPUT SLIPS
11.04.2024
Copper output in Chile gain 9.8 pct on year – on – year to 417 000 metric tonnes in February although Codelco production dropped. February increasing production fuelled by 34.1 pct year – on – year gain from BHP Escondida mine with its output reached 97 500 tonnes in February.
Battery Metals
DRC SEEKS EXTERNAL ADVICE ON IMPOSING COBALT EXPORT CURBS
11.04.2024
DRC seeking advice from international industry organizations over measures to increase cobalt price. It is an attempt by DRC to garner greater control of cobalt. State officials involved in mining industry divided on whether to introduce export restrictions. Some see it as a necessary response to oversupply, while others fear it could make cobalt less attractive to use in batteries.
NICKEL INDUSTRIES ATTRACT INTEREST FOR ITS INDONESIAN SUPPLY
09.04.2024
More than 25 global auto and battery makers expressed interest in purchasing nickel from Nickel Industries new Indonesian plant. Indonesia emerged as supply powerhouse on back of low costs, producing more than half of world’s nickel, and expected to account for 3/4 of global supply. Nickel Industries’ HPAL plant produce nickel in the form of cathode, mixed hydroxide precipitate (MHP) and nickel sulphate.
Gold
GOLD GAINS DESPITE INCREASING TREASURY YIELDS
12.04.2024
Gold prices gain despite increasing Treasury yields and USD strengthens. Demand for gold remain resilient as markets bet that Federal Reserve will continue gold buying for reserves. Gold will continue to consolidate due to certain factors: interest reduction, geopolitical issues and US treasury sending trillions USD in debt into market.
GOLD HIT RECORD HIGHS, BRACED FOR 4TH WEEKLY GAIN
12.04.2024
Gold prices gained to peak as central bank purchases amid geopolitical tensions kept momentum for gold while strong US economic data failed to dampen gold attractiveness. Despite recent inflation data and strong U.S. jobs report stirring more questions on feasibility of rate cuts, gold poised for 4th straight weekly rise, gained over 15 pct. European Central Bank held interest rate at peak but indicated to interest rate cut beginning June.
Tantalite
IRON ORE PRICES GAIN AS SOFT CHINA DATA TRIGGERS STIMULUS HOPES
11.04.2024
Iron ore futures gained as latest soft data from China triggered hopes of more stimulus in Q2 to underpin its economy. Chinese consumer price index gain 0.1 pct in March but slipped 1.0 pct month – on – month. Producer price index dropped 2.8 pct in March. Both datasets maintained pressure on policymakers to launch more stimulus as demand remained weak. China’s economy grew 4.6 pct in Q1– the slowest in a year despite tentative signs of steadying.
VULCAN ENERGY STARTS ITS FIRST LITHIUM CHLORIDE PRODUCTION IN GERMANY
10.04.2024
Lithium supplier Vulcan Energy to start production of 1st lithium chloride at its extraction plant in Germany using geothermal energy. German government created 1.1 billion-euro investment fund to fortify the nation’s access to critical raw materials essential for high-tech and green projects.