Asia’s biggest zinc producer sees prices heading to decade high
The rally in zinc prices has the potential to jump this year to levels not seen in a decade as demand continues to outstrip supply amid mine output disruptions, according to Hindustan Zinc, Asia’s biggest producer by market value.
Prices on the London Metal Exchange may rise to about $3 000 a metric ton in the next couple of quarters, Sunil Duggal, CEO of the Vedanta unit, said in a phone interview from Udaipur in Rajasthan. The last time prices touched this level was in October 2007, according to data compiled by Bloomberg.