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)

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