Base metals prices will not surge further: Expert
Published on: October 26, 2009 at 14:50
Related Stories
Amid the surging prices for mineral products, especially nonferrous, in China, the country’s largest gold producer Zijin Mining Group, President, Chen Jinghe said unless the US dollar depreciates significantly, there won't be much room for mineral prices to rise further.
Zijin Mining made profit of about 400 million yuan in the first half year thanks to surging prices of mineral products on the international market. The company is estimated to earn 10 percent more profit in 2009 than last year. Zinjin Mining Group is the parent company of Zijin Mining.
Start trading in commodities from as low as $50. Join now
Total Comments : 0
In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country. 
Recent Questions
1.
2.
3.
4.
5.
- Silver prices could test $16.75
- Gold, silver power commodity price movements
- Gold prices could test $1,140 this week
- Gold may break out of $1,150 – $1,100 range
- Crude slip as funds increase bet on higher prices
- Gold Bullion or Gold Stocks: Which is best to invest?
- Post-panic gold-stock recovery isn’t over yet!
- Time for gold jewellers to check out new metals
- Growing spectre of bank closures in US
- Retail gold investment, a latest crush in India
- Will commodity prices crash in China?
- India's gem and jewellery exports surge
- Gold bull market to accelerate thanks to bonds
- Food & Beverage Trends: Delhi's North Pole feel!
- Why gold and silver are biggest asset bubbles
- Steep fall in gold coins sales in Europe
- Commodity Trends: No wheat export, futures slump
- World needs new currency, not dollar: Jim Rogers
- Retail gold investment, a latest crush in India
- Dull trading in Gold ETFs
- Can central banks save Greece with gold reserves?
- 'Lithium is the hottest commodity these days'
- SICOM to play key role in robusta coffee pricing