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 PRICE DROP AMID MARKET SURPLUS EXPECTATIONS AND POLICY UNCERTAINTY
13.12.2024
Copper price slipped by 0.83 pct, fuelled by concerns over potential surplus in global copper market and uncertainty surrounding China main policy meeting outcomes. Analysts forecast surplus of 491 000 tonnes in 2025. Anticipated strength of USD fuelled to bearish sentiment. Global copper output continues to grow, with Chile’s production to reach 5.4-5.6 million tons in 2025.
COPPER PRICES DECLINE AFTER REPORTS SHOWED CHINESE GOVT WILLING TO DEVALUE RMB
12.12.2024
Copper prices declined by 0.13 pct, impacted by report of potential RMB devaluation by Chinese government in response to US tariff threats. Weaker RMB lower export prices of refined copper, impacting global commodity exchanges. Industrial metals faced pressure amid skepticism regarding China’s commitment to large-scale economic support.
Battery Metals
ARGENTINA EXPORTS GAIN SLIGHTLY IN 2024, LIKELY FLAT IN 2025
12.12.2024
Argentina mining exports projected to gain almost 6 pct in 2024, lifted by more lithium sales as well as higher gold and silver prices. Argentina’s mining sector generated USD 4.06 billion in exports last year, fuelled by the battery metal lithium and precious metals gold and silver. Exports this year will likely approach USD 4.3 billion.
EXXARO DISCUSS ON ACQUIRING SOUTH AFRICAN MNGANESE MINE
12.12.2024
Exxaro Resources Ltd. has held talks with the owner of one of South Africa’s largest manganese mines about buying the asset, as the coal producer seeks to diversify its business. South Africa is largest exporter of mid- to high-grade manganese ores. South32 Ltd., Anglo American Plc, African Rainbow Minerals Ltd.,Assore Group are shareholders in other major mines that are concentrated in the Northern Cape province.
Gold
GOLD PRICE SLIP AS WARMER INFLATION REPORT BOOSTS USD
13.12.2024
Gold prices slipped after stronger than expected US producer prices, fuelled concerns about hawkish Fed rate cut next week, fuelling USD. Gold weakened after US producer prices rose more than expected in November, jumping 0.4 pct last month after an upwardly revised 0.3 pct increase in October, ahead of the 0.2 pct gain expected.
GOLD PRICES GAIN AS SAFE HAVEN BID OFFSETS STRONGER USD
12.12.2024
Gold price gained above USD 2 700 as geopolitical tension in Asia and Middle East underpinned safe haven demand offset firmer USD. Among industrial metals, copper prices increase significantly on sustained optimism over more stimulus measures in China. Encouraging copper import data from the country also aided sentiment.
Tantalite
AUSTRALIA SANTOS TO SUPPLY JAPAN SHIZUOKA WITH LNG
12.12.2024
Santos, Australian oil and gas producer signed a deal to supply Japanese gas distributor Shizuoka Gas with LNG. Starting from 2032, Santos will supply Shizuoka between 0.35 and 0.4 million tonnes of LNG every year for 12 years. The agreement underscores Santos’ commitment to providing reliable, cost-competitive energy within the Asia Pacific region.
NATURAL GAS PRICE STEADY AHEAD OF EIA REPORT
12.12.2024
Natural gas futures showed minimal change as traders anticipated the release of the Energy Information Administration’s (EIA) inventory report. The report is expected to reveal a significant withdrawal of 165 billion cubic feet from storage for the previous week, more than double 5-year average draw of 71 Bcf for same week.