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 SLIPPED AS DEMAND CONCERNS IN CHINA CONTINUE PRESSURING PRICES
26.07.2024
Copper price further declined caused by continuous demand concerns in China, which continue to pressure prices amid lack of strong policy measures to boost economy and revive property sector. copper Inventories in LME warehouses peak since September 2021, in China warehouses reached highest since May 2023. Global refined copper market showed surplus of 65,000 metric tons in May.
COPPER SLIPS BELOW USD 9 000 BENCHMARK AS METALS SELLOFF DEEPENS
25.07.2024
Copper price slipped below USD 9 000 per tonne amid selloff in global stock marketsand increasing pessimism about projection for demand in China and elsewhere. Copper dropped 1/5 since peak, with bullish bets on tightening supply and surge in usage giving way to deepening worries about rising inventories and weak conditions in the Chinese spot market.
Battery Metals
PILBARA MINERALS: LITHIUM PRICES MAY HAVE BOTTOMED
24.07.2024
Pilbara Minerals said that demand for lithium remain strong and prices may have bottomed after exit of higher cost suppliers in 2024. It posted 58 pct surge in June quarter revenue from March due to increase in sales volume and average realized prices as it reported its quarterly production. Prices for lithium raw material spodumene are trading close to three-year lows at USD 970 per metric ton.
FIRST QUANTUM STARTS COMMERCIAL PRODUCTION AT ZAMBIA NICKEL MINE
24.07.2024
First Quantum Minerals start commercial production at its Enterprise mine, set to become Africa largest nickel operation, helping Zambia get closer to its goal of turning into main supplier of battery metals. Production guidance for 2024 narrowed to 17,000 to 20,000 tonnes of nickel from the previously estimated 10,000 to 20,000 tonnes, as a result of strong year-to-date production.
Gold
GOLD PRICES SLIPPED AS SAFE HAVEN PLAYS FAVOURS YEN
25.07.2024
Gold prices slipped in Asian trade, witnessing little safe haven demand despite increasing risk off sentiment as markets deeply favours in Japanese Yen. A rout in broader commodity markets raged on, with copper prices dropped to four-month low amid persistent concerns over top importer China. Weak readings on manufacturing activity from the US, Germany and Japan weaken copper outlook.
GOLD PRICES SLIP TO SESSION LOWS AS US ECONOMY EXPAND 2.8 PCT IN Q2
25.07.2024
Unable to push above USD 2,400 / oz, gold bears taking over and have solid momentum, as US economy grew significantly more than expected in Q2. Advanced reading of second quarter GDP showed that economy expand 2.8 pct between April and June, up from 1.4 pct growth in Q1. Acceleration in GDP in Q2 primarily reflected upturn in private inventory investment and acceleration in consumer spending.
Tantalite
INDONESIA TO EXTEND ONLINE TRACKING SYSTEM TO COPPER, GOLD, BAUXITE
23.07.2024
Indonesia to widen mineral and coal online tracking system, Simbara to include copper, gold and bauxite. According to the Finance Ministry, Simbara, which started its operation in 2022, has contributed up to 7.1 trillion Indonesian rupiahs (USD 437 million) in state revenues through the prevention of illegal mining, risk profiling and an automatic blocking system.
CRITICAL METALS UPS STAKE IN WORLD LARGEST REE PROJECT TO 42 PERCENT
23.07.2024
Critical Metals Corp completed Stage 1 of plan to acquire Tanbreez REE project in Greenland. Tanbreez has been ranked the largest rare earth deposit in the world, hosting 28.2 million tonnes of total rare earth oxides in 4.7 billion tonnes of material. This asset expected to contain more then 27 pct heavy REE elements. Tanbreez is a game-changing rare earth asset for the West, an assessment supported by both our due diligence.