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
COPPER PRICES DROP AMID USD STRENGTHEN AND WEAK DEMAND IN CHINA
14.11.2024
Copper prices dropped by 0.7 pct, amid USD strengthened and weaker demand outlook in China. Market sentiment been cautious amid worries over US – China trade outlook and China stimulus measures, which are smaller than expected. Codelco production gained 5.2 pct.
CHINA COPPER BUYERS CUT ANNUAL CONTRACTS WITH MARKET IN FLUX
14.11.2024
China copper importers are reining in amount of tonnage bought through annual supply negotiations and opting for spot supplies instead. For 2025, buyers will take less refined metal. The shift in buying patterns comes as Chinese demand for copper falters after decades-long boom. It has boosted its own domestic capacity, capping need for imports.
Battery Metals
LITHIUM IN NASCENT REBOUND, BUT LONG TERM OUTLOOK IS BLEAK
14.11.2024
Lithium experiencing small revival on rise in Chinese EV demand and supply cuts, although there is possibility of surplus of lithium metal in 2025. Expansion in Chinese subsidies encouraging people to trade in older cars aided nascent rebound. EV manufacturers on track to hit annual sales targets, while restocking activity rising.
CRITICAL METALS EXPECTS NEW FEASIBILITY STUDY FOR WOLFSBERG LITHIUM PROJECT IN Q1 2025
14.11.2024
Critical Metals Corp expects to deliver new definitive feasibility study for its Wolfsberg lithium project which is Europe first fully permitted spodumene mine and its first production projected at 2026/27. The project already has the backing of German carmaker BMW which entered long term agreement in December 2022.
Gold
GOLD PRICE STEADY, BRACED FOR WORST WEEK AS RATE CUT BETS SUBSIDE
14.11.2024
Gold price steadied in Asian trade, but bracing for the worst weekly performance since 2021 as strong US inflation and less dovish signals from Federal Reserve ignite doubts over lower interest rates. Markets were also uncertain over the outlook for interest rates under Trump. Gold set to lose over 4 pct this week.
GOLD PRICES STEADY AS US PPI MEETS EXPECTATIONS IN OCTOBER
14.11.2024
Gold market holding steady after latest data indicated US producers witness moderate price pressures in October. Producer Price Index (PPI) gained 0.2 pct. Inflation data aligned with expectations of 0.2 pct rise inflation increased 2.4 pct, above the consensus of 2.3 pct and also above September’s revised 1.9 pct reading.
Tantalite
OIL PRICES BRACED FOR WEEKLY LOSS ON CHINA DEMAND WORRIES
15.11.2024
Oil prices dropped and bracing for weekly loss, on fears on weakening demand and expectations of fewer US Federal Reserve interest rate cuts. China oil refiners processed 4.6 pct less crude oil than 2023 due to plant closure and decreasing operating rates at smaller independent refiners. China factory production growth slowed in October.
NATURAL GAS PRICES GAIN ON EXPACTATIONS OF COLDER WEATHER AND RISING DEMAND
14.11.2024
Natural gas price gained 1.66 pct, fuelled by expectations of colder weather later in November which demand for heating surged. Price rise supported by recent drop in daily gas output, now averaging 100.1 billion cubic feet per day (bcfd) in November, down from October 101.3 bcfd.