India: Hindustan Zinc prices hit over 1-year high on LME rally

Hindustan Zinc Ltd. (HZL) has raised zinc ingot prices by INR 9,700/t ($116/t) today. Notably it is over one-year high levels. Zinc ingots are now at INR 295,400/t ($3,549/t) compared to prices on 13 May. Meanwhile, lead ingot prices were up by INR 6,900/t to INR 221,600/t ($2,662/t) ex-Jodhpur. LME zinc prices are at $3,550/t and lead stood at $2,662/t, at the time of reporting.