Metallurgy: Metal price hike
Updated: 2006-04-21 14:54
Soaring heavy metal prices have led to a surge in Hong
Kong-listed mainland miners' shares, a trend analysts said would continue until
inflation concern, worries over US trade and geopolitical tensions ease.
Mainland gold miners gained after gold prices hit a 25-year high by the end of
last month, with Lingbao Gold Co Ltd yesterday seeing its share price doubled to
HK$7.85 from its debut price of HK$3.33. (China Daily HK
Edition)
Industry leaders who have attended the fourth China
International Steel Congress in Beijing early this week predict that a wave of
merges and acquisitions is set to sweep China's steel industry. "China's steel industry will see large-scale restructuring in
line with changing international environment and intensified competition," said Xu Lejiang,
general manager of Shanghai Baosteel Group Corp. (Xinhua)
(For more biz stories, please visit Industry Updates) |