Search Result for : Zinc

The Dollar Business Bureau  The government’s demonetisation move last November to crackdown unaccounted money along with the higher prices affected the demand of silver bar in the country leading to a drop in global silver bar investment by almost half in 2016, said a survey. In 2016, silver mine production globally witnessed its first drop since 2002, declining by 0.6% last year to an overall of 885.8 million ounces (Moz), said the World Silver Survey 2017 that is released by Silver Institute and published by the GFMS Team at Thomson Reuters (GFMS) on its behalf. A major proportion of the decline was due to the zinc/lead and gold segments, where output dropped by 15.9 Moz. Overall physical silver demand fell by 11% in 2016 ...

The Dollar Business Bureau ICRA predicts that the demand for base metals will remain firm in future as the government is heavily investing in infrastructure. The Smart City Mission will also boost the use of metals like zinc, aluminium and copper as construction activity picks up pace. Massive investments in infrastructure for distribution and transmission of power will further fuel the output of base metals. During FY 2016-17 (Apr-Nov), the output growth of zinc, aluminium and copper remained high at 7%, 10% and 8% respectively, owing to healthy demand from the power sector and automobile manufacturers. ICRA also notes that after the deployment of an air pollution control program in Beijing, China is likely to cut down its aluminium production by 3 million tonnes, creating a supply shortage globally, which can be leveraged ...

The Dollar Business Bureau  The prices of base metals including aluminium, zinc and copper are unlikely to rise further due to higher production which results in excess markets in 2016, according to a report.  The prices of base metal had gradually strengthened earlier in the initial nine months of this year as a result of the shortfalls in the demand-supply balances of the base metals globally, except some positive sentiments on overall demand scenario in China, said credit rating agency ICRA in a report.  “During the said period, the prices of zinc, aluminium and copper have increased by 53%, 13%, and 4% respectively,” it added.  Among the given three base metals, the deficit in the market of zinc has been the broadest, therefore the prices ...

The Dollar Business Bureau Vedanta Resources has planned to invest $500 million in its zinc business. The investment amount is about half of the total capex for the current fiscal 2016-17. The company led by Anil Agarwal is one of the largest integrated zinc-lead producers. Their output during the financial year 2015-16 was 1,115- kilo tonnes (KT). In its annual report, Vedanta Resources said, “Going forward, our current requirements are low, with 2016-17 capex expected to be around $1 billion, half of which would be across the high-return zinc projects at Gamsberg and Zinc India.” The firms said that its capex was optimized to a reduced level of $600 million in 2015-16. A majority of this was invested in projects like Mangala EOR ...

The Dollar Business Bureau India’s metal prices depend substantially on Chinese economic activity as China accounts for 40%-50% of the global consumption of aluminium, copper and zinc metals. For China, the latest leading economic indicators are not encouraging with a weak output and low order growth rates as real estate construction activity is unlikely to recover in the short-term. Against this back-drop, Indian industry can sustain realisations and operating profits driven by a steady physical premium, said an industry report. Physical premiums on non-ferrous metals over broad market prices such as London Metal Exchange are likely to remain steady given the oligopolistic nature of the non-ferrous metals market in India. The report said that it does not expect the ...