BEIJING (Commodity Online): China based Zinjin Mining group said that the prices of nonferrous metals will not surge further.

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.

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