Hindustan Zinc becomes ninth-largest silver producer in the world; India, the 12th largest

India’s zinc and lead major Hindustan Zinc (HZL), belonging to Anil Agarwal-led Vedanta group, has become the world’s ninth largest silver producer in calendar year 2018 (CY18). The firm improved its ranking from last year’s 11th spot, according to the data provided by Washington-based Silver Institute, a global body of all silver stakeholders, from mines to consumers. Also, India […]

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Five things to watch in 2019 for global metals industry: Wood Mackenzie

A report by Wood Mackenzie, the global research analyst firm has listed out five things to watch out for in the metals market in 2019. The success of China’s economic reform programme will have a strong influence on the metals market this year. On balance, fundamentals have improved, but geo-political concerns continue to dog the […]

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Zinc supply tightens as demand outpaces growth

Demand for refined zinc outpaced supply during the first five months of the year, reaching a deeper deficit compared to the same period in 2016, the International Lead and Zinc Study Group (ILZSG) said in its latest report. The market recorded a deficit of 178,000 tonnes from January to May 2017, compared to 133,000 tonnes […]

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After gold and silver, India INX to start futures trading in four more commodities in June

While the World Gold Council is still negotiating with the Indian government to launch a spot exchange for gold, Bombay Stock Exchange’s India International Exchange (India INX) at GIFT (Gujarat International Finance Tech) City, Ahmedabad will commence trading in four new commodity derivatives products – aluminium, lead, nickel and zinc – from June 1. The […]

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China finds its largest lead, zinc deposit in Xinjiang

China has found its biggest lead and zinc deposit in its northwest Xinjiang Uygur Autonomous Region, Xinhua news agency quoted local authorities as saying. The deposits, with reserves of nearly 19 million tonnes, is located 5,500 meters above sea level in Hotan County in southern Xinjiang, according to the regional geological and mining bureau. Local […]

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Daily Masala

Here is what others are talking about this morning: Asia stocks rise as Fed minutes spur optimism; dollar weakens Brent crude oil prices dip on prospect of record Saudi output Gold rises on weaker dollar as Fed minutes cool rate hike expectations Top steel firms’ debt level totals record $150 billion: EY China closes lead […]

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