India: Hindustan Zinc cuts zinc, lead ingot prices by up to INR 5,400/t ($64/t)

Hindustan Zinc Ltd. (HZL) has cut zinc and lead ingot prices by up to INR 5,400/t ($64/t) today. Zinc ingots are now at INR 289,500/t ($3,484/t), down INR 5,400/t ($64/t) compared to 30 May. Lead ingot prices have fallen by INR 2,700/t ($32/t) to INR 217,000/t ($2,611/t) ex-Jodhpur. LME zinc prices are at $2,950/t, while lead stands at $2,611/t.