India: Hindustan Zinc cuts zinc, lead ingots prices by up to INR 4,400 ($52/t)

Hindustan Zinc Ltd. (HZL) has cut zinc and lead ingot prices by INR 4,400/t ($52/t) today. Zinc ingots are now at INR 291,000/t ($3,500/t), down INR 4,400/t ($52/t) compared to 23 May. Lead ingot prices have fallen by INR 4,200/t ($50/t) to INR 217,400/t ($2,615/t) ex-Jodhpur. LME zinc prices are at $3,058/t, while lead stands at $2,305/t.