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 REBOUND AS USD WEAKENED AFTER COOLER THAN EXPECTED US INFLATION DATA 

13.06.2024

Copper prices gained by 1.05 pct, fuelled by weaker USD following softer than expected US inflation data. This outcome fuelled expectations that Fed might implement interest rate cuts sooner than expected, thus weaken USD, boosting metal prices. Copper market saw significant developments in production and consumption dynamics.

20 PERCENT OF COPPER SMELTING CAPACITY SUSPENDED IN MAY 

12.06.2024

20 pct of global copper smelting capacity suspended in May, mostly for maintenance. Global inactivity reached 25.4 pct with seasonal maintenance closures remaining a main feature. In China, 3 smelters that were closed for maintenance at the end of April have resumed activities. Chinese-owned Lualaba smelter in DRC also closed for maintenance.

Battery Metals

LIGHTNING TO STIKE LITHIUM POTENTIAL IN BRAZIL 

14.06.2024

Lightning Minerals confirmed the potential for lithium at its Caraibas and Sidronio projects in Brazil. Peak rock chip assays grading up to 0.53 pct lithium oxide, 1,245 ppm tantalum, 1,175 ppm rubidium, and 1,455ppm caesium returned from Caraíbas. Several pegmatite occurrences were also observed across both project areas, suggest presence of pervasive hydrothermal activity.

GLOBAL NICKEL PRICES LIKELY REACHED A FLOOR

13.06.2024 

Global nickel prices likely have hit a floor, which market recovery driven by strong demand from steel sector and as surplus of ore supplies reduced after Indonesia slowed production permits. LME nickel price might rebound to USD 20 500 / metric tonne, gradually increase to USD 23 000 / metric tonne. Mining approvals in Indonesia faced delays for various minerals including nickel, resulting drop in ore inventories at smelters.

Gold

SINGAPORE SET TO BECOME LEADING GOLD HUB 

14.06.2024

Singapore set to become leading gold hub as trading shifts east. One main reason is that gold consumption in major emerging economics is increasing and majority of these markets concentrated in Asia. Singapore proximity to these central banks, which actively snapping up gold, is another factor. Singapore in close proximity to 25 pct of gold mining supply centres such as China, Australia, Indonesia, the Philippines, Papua New Guinea and Laos.

GOLD PRICES LIKELY TO PEAK AS HIGH AS USD 3 000 / OZ OVER NEXT 12 MONTHS 

13.06.2024 

Gold price might peak to USD 3 000 / oz over next 12 months, fuelled by strong physical demand, central bank purchase, macro economics factors support bullish outlook for gold. Market asymmetric risk skew indicate resilience, with gold prices rallying to USD 2,400 / oz despite strong USD, high interest rates, robust equity markets.

Tantalite

IRON ORE EXTENDS GAINS, BRACED FOR 3RD WEEKLY DROP ON CHINA DEMAND CONCERNS 

14.06.2024

Iron ore futures gain for 2nd consecutive session, fuelled by higher than expected hot metal output, although demand concerns and high port side inventories in China kept the contract on track for 3rd weekly drop. Average daily out for iron ore gained by 1.5 pct from the previous week to 2.39 million tons this week, the highest since November 2023. Hot metal is a blast furnace product and a key indicator of ore demand.

GLOBAL LITHIUM DELIVERS 43 PERCENT BOOST TO MANNA RESOURCE

13.06.2024

Global Lithium increased resource at its Manna Lithium Project by 43 pct, amounting to 51.6 million tonnes at 1 pct lithium oxide. Global Lithium, with market capitalisation of USD 80.68 million, the estimate is 26 pct increase in total contained lithium oxide, from 406,000 tonnes to 515,000 tonnes of lithium. Further, the upgrade represents 63 pct increase in the indicated category to 32.9 million tonnes at 1.04 pct lithium oxide. 

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