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 CAUSED BY WEAK ECONOMIC DATA, DEMAND CONCERNS
30.08.2024
Copper price dropped by 1.47 pct, weighed down by weak economic data from major economics and demand concerns, especially in China. Market remains worried due to weak factory production and low confidence in property sector despite slight improvement in physical copper demand in China. Market sentiment affected by sudden surge in Chinese copper export.
SUPPLY DISRUPTIONS MIGHT PUSH COPPER PRICES HIGHER
29.08.2024
Copper prices gained 9 pct in 2024 but have been trending lower since mid May. However, supply disruptions from main producers in South America might reverse that trend. Supply disruptions not ideal for consumers, but it does open pathway for investment opportunities. as copper supply deficit looms, such outages have greater npotential to spook market participants waiting for supply tightness to materialize.
Battery Metals
LITHIUM STARTUPS BET ON HIGH DEMAND IN BATTERY POWERED FUTURE
29.08.2024
Startups are finding novel ways to produce critical metals and hopes to open untapped lithium sources. They are also fighting heavy economic headwinds, pushing their technology forward amid current market slumps. Even still, most startups operating at lab or pilot level, reflect long way ahead to play a meaningful role in the industry.
MADAGASCAR AMBATOVY NICKEL PROJECT COMPANIES FILE RESTRUCTURING PLAN
28.08.2024
Madagascar Ambatovy nickel project companies filed debt restructuring plan. The filing is part of effort to ensure stable and efficient operation of the project, not a liquidation process. In May, Sumitomo consider possible options to decide best policy of Ambatovy project for stakeholders.
Gold
GOLD PRICES DROP AS PCE WEAKEN, SET FOR STRONG AUGUST
30.08.2024
Gold prices drop in Asian trade but remained close to peak as markets anticipates interest rate cut from US key inflation data. But gold prices set for strong rise in August, as a mix of safe haven demand and expectation of interest rate cut put gold at peak. Tensions in the Middle East spurred safe haven demand for gold. Signs of central bank buying, supported prices.
CHINA GOLD PURCHASES WILL DRIVE PRICE HIGHER OVER NEXT DECADE
30.08.2024
Gold performs strongly in 2024, gaining about 20 pct with China as primary driving force behind gains as People’s Bank of China purchased large quantities of gold for 18 months straight. Pause in gold accumulation is temporary as China’s gold rush has much further to run amid rising global tensions, economic uncertainty, and ongoing efforts to move away from USD.
Tantalite
ZAMBIA PLANS STATE FIRM TO OWN 30 PERCENT OF CRITICAL MINERALS MINES
29.08.2024
Zambia plan to create investment company that control at least 30 pct of critical minerals production from future mines which allow Zambia to maximize benefits from its deposits of critical metals. The state will establish the framework that includes production sharing mechanism setting aside minimum 30 pct of production from new mining projects.
LYNAS REE ANNUAL PROFIT SLIPS ON WEAKER REE PRICES
27.08.2024
Lynas REE posted 72.8 pct drop in its annual profit caused by weak REE prices and weakened demand from China. Dropping prices weighed on earnings of miners due to combination of oversupply and weak demand from China. Lynas reported net profit of USD 57.38 million for 2024 ended June, dropped from USD 310.7 million in 2023.