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NY: Mining executive is predicting bright future for metal prices and investments in mining industry

NY metal trading/mining company Executive and CEO Sahit Muja is predicting a bright future for metal prices and investments in the mining industry. Mr. Muja said "the positive demand for metals is based on many factors; including lower production and inventories, government stimulus programs and Chinese,U.S. and Indian consumption. Global economic growth is starting to pick up and a result: "We're expecting particularly strong growth in China, the U.S., Japan, Australia, Brazil, Canada, India, Germany and some E.U. countries." Albanian minerals in New York and her sister company Bytyci ShPK in Albania forecast that global growth will move from a decline of 1% in 2009 to a gain of 4% in 2010. Mr. Muja also sees global industrial production recovering from a 12.5% decline in 2009 to achieve a 4% rise in 2010. That all means more demand for everything from steel to chrome ore, nickel, copper,aluminum for infrastructure, construction in all real estate sectors, gas pipes, multi-billion investments, railroads, auto and aircraft production.

This demand picture will be analyzed closely at the Global Mining and Steel Summit set to occur simultaneously in New York, London, Sydney and some other major cities around the world beginning this week.

Top executives of leading mining companies and owners of downstream operations such as smelters will discuss their outlook for the industry in 2010 and beyond.

The heads of gold, silver and palladium, aluminum, and chrome ore mining interests will also be in attendance after recording a strong performance in the past year.

Mr. Muja said they continue to see investors using metals as a hedge to protect against risk, sovereign debt issues and inflation. He said, "in the long term "metal prices will rise due to trillions of dollars of stimulus money injected into the world economy."

Mr. Muja continued to say that the "opportunity to invest in minerals is now at optimal levels due to low prices, predictable inflation, rising population demands (especially in China, India and the Middle East) and due to the fact that investors are seeking tangible investments and moving away from high-tech sectors which quickly shift in value due to the emergence of superior products. According to Mr. Muja, "Albanian Minerals and Bytyci ShPK have increased investments and production metals worldwide and expects impressive returns from its Chinese, Turkish, Indian and Albanian holdings."
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