| Higher output and the increase in zinc prices are a good combination but rising output may also test the resilience shown by zinc prices. Hindustan Zinc Ltd’s investors may have mixed feelings about the increase in zinc prices. Since July, zinc’s spot price on the London Metal Exchange are up by 10%; in contrast, copper is down by 5.8% and aluminium is down by 4.8%.
A repeat of the June quarter may be underway, when zinc prices rose by 12.8%, doing much better than the other two metals. So why should Hindustan Zinc’s investors not be happy?..............................................Full Article: Source
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