Page 2 - Zinc

HZL to spend over $1 bn in shift to turn into a green energy user

The Vedanta group firm Hindustan Zinc (HZL), which is the world's second-largest manufacturer of the metal, is planning to invest over USD 1 billion (around Rs 8,270 crore) to convert its diesel-fired mining vehicles into battery-operated ones and also to fully turn a green energy user, over the next five years. The Udaipur-based company, which is also the sole manufacturer of silver and the largest maker of zinc and lead in the country, is already running four of its 900 mining vehicles on battery on a pilot basis. The company with an annual production of 1 million tonne zinc, up from 1 lakh tonne when it was privatized by the government in 2002, also expects stable demand in the March quarter despite the growing fears of a global recession, its chief executive Arun Misra told PTI over the weekend. The government still owns 29 per cent in the cash-rich HZL and has three board members as well. On this, Misra said he recently met the government officials in New Delhi and the full ...

India considers selling small stakes in its mammoth coal, zinc miners

The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, Rashtriya Chemicals and Fertilizers Ltd via the so-called offer-for-sale mechanism

Vedanta stock slips over dip in commodity prices despite in-line Q2 show

Soft prices of commodities including metals is weighing on investor sentiment

Vedanta not to prune $2-bn capex target for FY23: CEO Sunil Duggal

Oil-to-metals conglomerate Vedanta Ltd on Wednesday said that it will not prune its USD 2 billion capex target for the current financial year despite falling metal prices. Vedanta has planned a total investment of around USD 2 billion in its zinc, oil and gas, and aluminium businesses in FY23. "We are going ahead (with the capex target for the current fiscal). We cannot stop the project in between and these are all the brownfield projects where the returns are very good and this will make our operation more effective, more productive, more efficient," Vedanta's Chief Executive Officer Sunil Duggal said. Duggal told reporters here on the sidelines of the second day of the conference on the Indian minerals and metals industry organised by NMDC and FICCI. The metal prices, Duggal said, have come down on account of various geopolitical events. Asked whether the metal prices will shoot up in the coming days, he replied, "If the fundamentals are strong than naturally the prices are goin

Hindustan Zinc gets nod to set up 30 KTPA plant to produce zinc alloys

The move will make way for the production of value-added zinc alloy products and enable the company to deliver international quality products in the domestic market

'Zinc air batteries are cost-effective solution to store renewable energy'

Arun Misra, the first Indian to be elected as chairman of International Zinc Association, believes viable Zinc-air batteries have helped reduce dependence on lithium batteries

Amid record high prices, are industrial metals the new oil in India?

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world

Market wrap: Sensex slips 143 pts; Nifty holds 17,500; Realty worst hit

Nifty Metal shines; Hindustan Copper gains 6%; Godrej Properties, Monte Carlo Fashions slump 10% each; Vedant Fashions IPO subscribed only 11% on day 1

Coal diversion to power firms leaving non-power ones fuel-starved: ICPPA

Any power outage in aluminium plants will lead to catastrophic impact and complete shutdown

Markets on longest winning streak in 10 months, rise seventh day on trot

Gain for 7th day; shrug off worries about rising yields, oil prices

Metals head for record; zinc prices spike to 14-year high, shows data

Strains in China are particularly evident, where factory-gate prices rose at the fastest pace in almost 26 years in September

Hindustan Zinc extends shutdown at one of Chanderiya smelter roasters

In a BSE filing, the company informed that the extension of the closure will result in potential loss of production of about 25,000 tonne of zinc

Vedanta says total production at Zinc International rises 62% in Q1

With regard to iron ore business it said that there was no production at Goa due to suspension of mining operations.

India loses 5-7% of GDP due to corrosion: International Zinc Association

The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.

Industrial wheel still turning amid second Covid wave: Hindustan Zinc CEO

In a Q&A, Arun Mishra talks about the company's focus lowering cost of production amid the ongoing pandemic and likely impact on demand

Trading strategies for gold and zinc by Tradebulls Securities

Gold has made double bottom around 44,150 and bounced back sharply

Trading strategies for crude oil and zinc by Tradebulls Securities

Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart

Trading strategies for crude oil and zinc by Tradebulls Securities

Any trend reversal for crude oil will only be validated below the 4,350 region

Q3 mined zinc production in India rises 4% to 244,000 tonnes: Vedanta

The integrated metal production was 2,35,000 tonnes for Q3 FY21, up 7 per cent as compared to Q3 FY20

Select base metals may continue to rally in 2021 over weakening dollar

Zinc, aluminium poised for correction as prices move ahead of fundamentals