Zinc (Zn) is a metal that is obtained from sulfide sphalerite mineral ore and found on the periodic table with an atomic number 30. It is naturally found in the human body as an integral part of the red blood cells. Its melting and boiling points measure around 420° C and 907° C, respectively. It is a whitish-blue metal element that tarnishes with moist air and burns quickly in the air to form Zinc oxide.
Zinc is a reactive metal that reacts easily with other metal elements to form compounds. It is commercially used for galvanizing steel and iron metal to prevent corrosion. It is also used in manufacturing alloys from Zinc on a large-scale production.
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The key importing countries for Zinc are India, Vietnam, and the United States. On the other hand, the key exporting countries include China, India, and Germany.
Key Details About the Zinc Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Zinc price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Zinc Price trend, including India Zinc price, USA Zinc price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Zinc Price Trend:
Zinc is a reactive metal that readily reacts with other metals to form compounds and other alloys that are produced on a large scale. Zinc is the base element to produce Zinc oxide by reacting Zinc with oxygen. It is used as a roofing material, as it prevents corrosion and is an excellent option for manufacturing roofs. The metal is used to produce oil-based paints in petroleum and paint manufacturing units.
Additionally, Zinc oxide is used as an additive that is used in manufacturing rubber that is used extensively in tires of vehicles. It is largely used in metal casting industries and mixed with other metals to form alloys that are also used commercially on a large scale. Zinc is mixed with copper, aluminium, etc., to obtain alloys that are used in manufacturing electrical parts, electronics items, and vehicles.
Key Players:
- American Elements
- The Doe Run Resources Corporation
- Korea Zinc Co., Ltd.
- Hindustan Zinc Limited
- Glencore plc
- Nexa Resources
News & Recent Development
- Date: March 24, 2023-The latest dividend announcement has stated that Hindustan Zinc will close with a divided sum of around 75.5 Rupees per share FY23.
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