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
HUDBAY SEES BHP BID FOR ANGLO BOOSTING COPPER ASSETS
02.05.2024
Hudbay Minerals sees BHP Group USD 39 billion offer for Anglo American increased the valuation of copper assets and might underscore companies willingness to pay premium to existing copper mines. Canada’s copper miners seen by analysts as potential acquisition targets for large mining groups with shortage of new copper mines and demand for the metal.
NEAR PEAK LME PRICES A BOOST FOR CHINESE COPPER EXPORTS
01.05.2024
China copper producer to export up to 100,000 metric tonnes of the metal, with goal to slow down rally that has surged the prices towards peak. International Copper Study Group (ICSG) announced global copper market faces a surplus of 162,000 tons this year and a surplus of 94,000 tons in 2025.
Battery Metals
ZIMBABWE SOLE NICKEL MINE PLACED UNDER ADMINISTRATION
02.05.2024
Zimbabwe sole nickel mine placed under administration, seven months after stopping production caused by equipment failure and low prices. Nickel prices dropped from above USD 100,000 in 2022, driven by expectations of reduced supplies from Russia following invasion of Ukraine, to around USD 19,000 per ton in currently oversupplied market. Prices 25 pct lower than in 2023.
GRAPHITE MINERS LOBBY US TO IMPOSE LEVY ON CHINA – SOURCED EV MATERIAL
30.04.2024
Northern American graphite miners lobbying US government to impose 25 pct on 3 graphite products from China to counter China dominance on graphite which is used in EV batteries. US government set to decide in May whether to bring graphite into list of minerals that attract higher Section 301 tariff.
Gold
GOLD STEADIES AS TRADERS ANTICIPATES KEY US JOBS REPORT
03.05.2024
Gold price steadies as markets awaits to main US jobs report that could shift expectations of when US Federal Reserve will cut interest rates. Gold remains up 11 pct in 2024, after peak rally that gold hit succession of all-time highs in April. Those gains linked to strong central-bank purchases, demand from Asian markets — and haven buying amid conflicts in Ukraine and Middle East.
GOLD SLIPPED DESPITE DROPPING TREASURY YIELDS
02.05.2024
Gold price slipped as markets continue to evaluate recent Federal Reserves decision and comment on suggesting hesitant approach towards rate cuts caused by continuous inflation concerns. In case gold settles below the support at USD 2295 – 2305, it will shift towards the next support level at USD 2190 – 2200.
Tantalite
MP MATERIALS REPORTS WORSE THAN EXPECTED Q1 LOSS
02.05.2024
REE miners MP Materials reported worse than expected loss in Q1 fuelled by lower concentrate sales and weakness in REE products price. Slowdown in EV demand, along with economic and geopolitical uncertainties have weighed on prices. The company sold 9,332 metric tons of that concentrate during Q1, 9 pct lower than 2023. The miner has struggled with falling prices for the strategic minerals.
BRAZIL MINING SECTOR REVENUE SURGE 25 PERCENT IN Q1 2024
02.05.2024
Brazil revenue from mining industry reached 68 billion reais (USD 13.3 billion) in Q1 2024, surged by 25 pct from same period in 2023, according to data released by industry group Ibram. Brazil mining exports between January and March increased 11.3 pct to 87.5 million metric tonnes year – over – year.