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.