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
SURGING COPPER DEMAND INCREASE SEARCH FOR ALTERNATIVE CLIMATE SOLUTIONS
26.04.2024
Copper is desperately needed in greater quantities for electrifying process. All expected growth made copper more expensive. Copper in widespread use and increasing recycling rates could loosen the copper squeeze.
CODELCO PRODUCTION KEEPS DROPPING, UNDERSCORING COPPER STRUGGLES
26.04.2024
Codelco reported drop in quarterly output caused by lower quality ore at mines, latest indication of supply struggles that increase metal prices. Codelco is enduring another setback as one of its mines continues a gradual ramp-up after a fatal accident in March.
Battery Metals
MORE CHINESE NICKEL SEEN FLOWING OVERSEAS AFTER LME RUSSIA BAN
25.04.2024
More Chinese nickel expected to flow overseas after LME banned Russian supplies. China production of refined nickel exceed demand and domestic glut to metal resulted in surge in exports. Increases in Chinese output, together with the sanctions on Moscow keep exports elevated that help plug the gap in LME deliveries caused by its ban on metal from Russia.
MINERS STRUGGLE TO FINANCE PROJECTS AMID INCREASING BATTERY DEMAND
25.04.2024
EV sales might reach 17 million in 2024, despite several years of significant cash flows by high prices, increasing volumes, many producers face difficulties in financing existing and new projects based on own revenues. Concerns arisen regarding pace of growth in EV industry by profit margins, fluctuating metal prices, high inflation, and discontinuation of purchase incentives.
Gold
GOLD BRACED FOR WEEKLY DROP AS US INFLATION CONCERN SAP DEMAND
26.04.2024
Gold braced for 1st weekly drop in 6 as investors booked profits after gold months long rally. Gold gained 17 pct, hitting series of new peaks despite fading expectations for easing policy from Federal Reserve. That shift helped USD and Treasury yields, which act as drags on bullion. Fresh inflation data released Friday reinforced the view that high interest rates are here to stay for now.
INDIAN GOLD SHIFT TO PERMIUM AS PRICE DROP GAINS DEMAND
26.04.2024
correction for many weeks. The recent drop in prices prompted buyers to make purchases. China’s gold consumption in Q1 2024 climbed 5.94 pct from 2023 on rising gold demand.
Tantalite
INDIA SEEKS OVERSEAS HELP FOR LITHIUM PROCESSING TO PREVENT RELIANCE ON CHINA
25.04.2024
India discuss with several countries looking for partnerships for technical help on lithium processing, to boost lithium mining and EV industries and prevent reliance on China. India to develop lithium mining industry that provide batteries metal for EV industry which reduce greenhouse gas emissions and oil dependence.
PEAK ON RENEWED CHINA DEMAND HOPES, LOWER SHIPMENTS
24.04.2024
Iron ore futures rebounded to peak in 6 weeks, fuelled by renewed hopes of improved steel demand in China and prospect of lower supply after major miner lowered its annual shipment outlook. Iron ore fundamentals improved and valuation of the ferrous market expected to rise. Daily crude steel production gain by 0.33 pct from the previous 10-day period to about 2.12 million tonnes.