labels: industry - general, vedanta, hindustan zinc
Hindustan Zinc hikes metal prices again news
07 October 2006
Mumbai: Hindustan Zinc Ltd. (HZL), the country''s largest producer of zinc, has raised metal prices by Rs1,500 ($33), or 0.8 per cent, to Rs182,000 a tonne, the second consecutive increase in two weeks.

Hindustan Zinc also raised the price of lead by 2.2 per cent to Rs75,400. The revision in prices is effective October 7, the company said, without giving a reason for the revisions.

The company last lifted zinc prices on September 30. It had raised lead prices by Rs2,200 to Rs72,700 per tonne on September 23.

The Udaipur, Rajasthan-based company had lowered prices of finished zinc three times last month. HZL had, on September 23, cut zinc prices by Rs400 per tonne, or 0.22 per cent, to Rs178,500 per tonne. It had cut prices by Rs14,400 a tonne on September 14.

HZL is India''s leading zinc producer and a part of Vedanta Resources, a London-listed metals and mining major with Aluminium, Copper and Zinc operations in the UK, India and Australia,

The company has a refined zinc production capacity of 411,000 tonnes per annum and refined lead production capacity of 85,000 tpa. It has also the advantage of own mineral resources and related core competencies.

 

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Hindustan Zinc hikes metal prices again