Dalal Street Investment Journal - - SPECIAL REPORT -

Zinc is the bril­liant white metal uti­lized for the most part in gal­vani­sa­tion of steel and iron. Af­ter a glim­mer­ing per­for­mance in the year 2016 as this metal took off by 60 per cent on the back of clo­sure of two top mines in 2015 and pro­duc­tion cuts from mines, the first half of the year 2017 had a lukewarm show when con­trasted with same pe­riod in the pre­vi­ous year.

Zinc de­mand is on the rise to a great ex­tent as the metal is pro­gres­sively be­ing used in new ap­pli­ca­tions. Gen­er­ally, it has been used to gal­va­nize steel and in the pro­duc­tion of al­loys, in­clud­ing brass, yet of late more of its ap­pli­ca­tions are come to the fore in health, bat­tery and agri­cul­ture sec­tors. Min­ing mag­nate Robert Fried­land has high­lighted the use in agri­cul­ture, stat­ing that the gov­ern­ments of coun­tries like China, In­dia and Pak­istan are ‘sup­port­ing zinc ad­di­tions to fer­tilis­ers when it is put in crop ro­ta­tion.’

Re­cently, zinc ral­lied to a decade high and the metal is con­tin­u­ing to find sup­port from re­newed bullish sen­ti­ments amid stock mar­ket de­clines.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.