India: Hindustan Zinc cuts zinc, lead ingot prices by up to $157/t w-o-w

Hindustan Zinc Ltd. (HZL) has cut zinc and lead ingot prices by up to INR 13,100/t ($157/t) today as against 3 June. Zinc ingots are now at INR 276,400/t ($3,310/t), down INR 13,100/t ($157/t) compared to 3 May. Lead ingot prices have fallen by INR 4,300/t ($52/t) to INR 212,700/t ($2,547/t) ex-Jodhpur. LME zinc prices are at $3,310/t, while lead stands at $2,547/t.