World zinc prices may be
Mr William Adams analyst of Basemetals.com said that world zinc prices of 77 cents per pound this week are almost 40% lower than the 2008 peak of USD 1.28 reached in early March 2008 and are below marginal productions costs due to huge metal surplus and weak demand in major zinc consuming regions.
New Delhi, Oct 15 Vedanta Resources group firm Hindustan Zinc today said it has hiked prices of zinc and lead by Rs 2,800 per tonne and Rs 1,500 per tonne, respectively, following the price movement on the London Metal Exchange.