en.Wedoany.com Reported - Hindustan Zinc Limited (HZL) raised the price of zinc ingots by 1,800 Indian rupees (US$19) per tonne on May 7, bringing it to 360,300 Indian rupees/tonne (US$3,827/tonne). The company also raised the price of lead ingots by 3,500 Indian rupees (US$37) per tonne, to 223,600 Indian rupees/tonne (US$2,375/tonne). This price adjustment follows the previous adjustment made on May 4.

Hindustan Zinc's adjustment this time involves both zinc and lead metal ingot products. The new price for zinc ingots is 360,300 Indian rupees/tonne, with the equivalent of US$3,827/tonne noted in parentheses. The new price for lead ingots is 223,600 Indian rupees/tonne, corresponding to US$2,375/tonne. The company did not disclose the specific basis for the price adjustment in its announcement, but the price change is directly reflected in domestic market quotations.

On the London Metal Exchange (LME), as of 14:10 India Standard Time, zinc prices rose 0.95% to approximately US$3,441/tonne. Lead prices during the same period were around US$1,947/tonne. Hindustan Zinc's price adjustments for zinc and lead ingots occurred during the LME trading session, with both representing market price movement information for the day.

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