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 SLIPPED AFTER USD STRENGTHENED
09.05.2024
Copper prices dropped by 1.16 pct, fuelled by strengthening USD, which curtailed the importing power for main foreign manufacturers. Despite drop, copper prices remain significantly higher, up 13 pct since the beginning of Q2, fueled by concerns over potential supply deficits. Challenges in global mines intensified pressure on copper ore availability.
INDONESIA TO EXTEND COPPER EXPORT PERMITS FOR FREEPORT, AMMAN
08.05.2024
Indonesia to extend copper concentrate export permits for Freeport Indonesia and Amman Mineral Nusa Tenggara. Both Freeport Indonesia and Amman developing copper smelters projected to begin operation in June. New smelters need months to ramp up capacity to absorb copper concentrate production.
Battery Metals
INDIA CONSIDERS INCENTIVES FOR LITHIUM PROCESSING
09.05.2024
India to consider offering incentives to boost private companies to develop lithium processing facilities, as India wants to develop lithium mining and boost supplies of EV battery metal. The government could offer subsidies and tax benefits to encourage investment in lithium processing.
INDONESIA: NICKEL RESERVES SUFFICIENT FOR EXPANSION, DESPITE MORATORIUM CALL
08.05.2024
Indonesia nickel reserves enough for expansion in processing operations amid calls to reduce development of new smelters to ease global glut. Indonesia banned exports of nickel ore to encourage domestic value addition, resulting in massive investment to produce nickel pig iron and material for EV batteries. High-grade nickel reserves will last until 2035, with low-grade nickel supply sufficient until at least 2069.
Gold
GOLD GAIN, BRACED FOR WEEKLY GAINS AFTER WEAK US LABOUR DATA DENTS YIELDS
10.05.2024
Gold price gained as more indication of cooling US labour market weighed on USD and Treasury yields, benefiting gold prices. Gold price gained after data showing increase in weekly US unemployment claims and boost expectations that cooling labour market pressure Federal Reserves into early interest rate cut.
GOLD PRICES MIGHT REACH USD 2500 IN 2024
09.05.2024
While central bank buying has been fuelling gold prices, interest rate cuts later this year might increase gold price. Gold has hit several all-time highs this attributed to strong central bank buying with expectations that gold price might peak to USD 2 500. While gold prices are rising, gold equities have not shown the same level of growth yet.
Tantalite
ZINC GAINS AS POSITIVE SIGNS OBSERVED IN CHINA TRADE DATA
10.05.2024
Zinc prices gained by 0.23 pct fuelled by positive indications in Chinese trade data which seen growth in both exports and imports in April, showing gain in domestic and overseas demand. Chinese trade activity improvement reacts well for global zinc market. However, despite these positive developments, global zinc market has surplus of 40,100 metric tons in February. This surplus indicates ongoing challenges in balancing zinc supply and demand.
CRITICAL MINERALS TARGETED AS AUSTRALIA INCREASE RESOURCE SEARCH
08.05.2024
Australia to spend AUD 566 million (USD 373 million) to search resource deposits with focus on reserve of critical minerals which are essential for high tech manufacturing and green energy transition. Australia plan to increase production and processing of critical minerals such as lithium, REE.