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
CONGO COPPER MINE SUSPENDED AMID RADIATION CONCERNS
19.04.2024
Operations at Zijin Mining Group Ltd copper and cobalt mine in DRC suspended amid excessive radiation in cobalt. Government officials present at COMMUS overseeing suspension of production and testing cobalt shipments that were blocked and returned after being exported. DRC has deposits of uranium in its southeastern Katanga region.
CODELCO AIMS HIGHER PRODUCTION, NOT COMPETITION WITH BHP
18.04.2024
Codelco must concentrate on increasing its production, but not rival with BHP. Codelco aims to reverse 2 years of dropping output to boost profits and support Chile dominance in international market. Codelco accounts for about a quarter of total copper output in Chile.
Battery Metals
AFRICA LITHIUM SUPPLY TO TRIPLE IN 2024
18.04.2024
Lithium production from Africa expected to triple in 2024. In 2023, the region contributed 4 pct to global lithium production, but expected to reach 10 pct of the global supply. This significant surge is due to increased Chinese investment. Most of increased supply expected to come from Zimbabwe. It is estimated it produced 3,400 tonnes in 2023.
SILICON METAL PRICES REMAIN BEARISH IN APRIL, DESPITE DROP IN MARCH
17.04.2024
Demand from polysilicon continued to increase, but poor polysilicon fundamentals (increased polysilicon production in April versus falling silicon wafer production) caused polysilicon prices to continue to fall. As polysilicon companies expected to suffer losses in April-May, will push even harder for lower price of upstream silicon metal.
Gold
GOLD BRACED FOR WEEKLY GAIN AS GEOPOLITICAL FOCUS INTENSIFIES
19.04.2024
Gold prices shown resilience, gained amidst increasing geopolitical tensions following Isreali attack on Iran, which stoked fears of escalated regional tension, pivoted gold role from monetary asset to geopolitical safeguard. Gold prices stabilized, indicating traders monitoring further development from Middle East.
GOLD BRACED TOWARDS USD 2400 AS DEMAND REMAINS STRONG
19.04.2024
Gold price heading towards USD 2400 level despite strengthening USD and rising Treasury yields. Demand for gold remains strong amid geopolitical tensions, which is bullish for gold and other precious metals. A move above resistance at USD 2390 – 2400 will push gold towards recent highs at USD 2430.
Tantalite
UB SAHARA AFRICAN CRITICAL MINERALS PRODUCTION COULD REACH USD 2 TRILLION BY 2050
19.04.2024
Sub Saharan Africa could produce USD 2 trillion by 2050. Global revenue from mining copper, lithium and nickel could reach USD 16 trillion over next 25 years under demand scenario estimated by International Energy Agency. Output from sub Saharan Africa will account for 12 pct of the total. Sub- Saharan Africa’s share of revenue from fossil fuel sales will be USD 625 billion over same period.
IRON ORE PRICES BRACED FOR 2ND WEEKLY GAIN ON INCREASING CHINESE DEMAND
19.04.2024
Iron ore futures retreated but braced for 2nd weekly gain as demand increasing in China. However, a more than 15 pct price gain so far this month sparked fears that China’s state planner may step in to rein in the rally. A more significant rise in prices of raw materials than steel squeeze margins among mills, denting buying appetite for raw materials including iron ore.