International mineral product prices to remain high
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"Due to the brisk demand of mineral resources, the strong liquidity of capital market and the shortage of resources, the international prices of mineral products are expected to swing at a high level in the near future," said Wang Min, vice minister of the Ministry of Land and Resources at the Conference of China Mineral 2010 on Tuesday.
The international prices of mineral products have been unsteady during the year. The prices of noble metals, which include gold and silver, have been increasing, and the price of copper has reached its peak since the global financial crisis occurred. The price of iron ore also remains high.
Wang pointed out, the world economy is now recovering gradually which brings positive effect to the global mineral industry. The investment for the mining industry becomes active, and the production, trade and consumption of mineral resources have rebounded, but uncertainties still remain.
China's business press carried the story above on Wednesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
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