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Zinc: The Indian context

Oct 7, 2008

In the last article, we saw an introduction to zinc. In this article, we will focus on how the zinc industry has developed in India over the last few years. Zinc industry: The Indian zinc industry consists primarily of two players, namely Hindustan Zinc and Binani Zinc. Hindustan Zinc is an integrated producer having its own mines and has a market share of more than 60%. Binani Zinc is a custom smelting producer. All the major zinc ore mines in India viz. Rampura Agucha, Rajpura Dariba and Zawar mines are located in the state of Rajasthan and all of these are under the control of Hindustan Zinc.

Capacity: The zinc production capacity in India is set to register robust growth after the government allowed privatization of the state owned company Hindustan Zinc in 2002. The total production capacity stood at around 707,000 tonnes in FY08. Hindustan Zinc plans to raise its capacity to 1 m tonnes by 2010.

Production: The zinc production has registered a strong growth in India in the last few years. It stood at around 4% of total zinc production in the world in 2007. The zinc production increased from 265,000 tonnes in 2004 to 458,000 tonnes in 2007, registering a growth of 20% CAGR.

Consumption: The zinc consumption has increased from 347,000 tonnes in 2004 to 470,000 in 2007, backed by demand from infrastructure and industry. Important to add that galvanizing accounted for around 70% of the total consumption.

The demand for zinc is expected to remain strong in the coming years on account of growth in the key zinc consuming industries like infrastructure, realty and manufacturing. Moreover, the growth in automobile and consumer durables industry would also further aid the increase in consumption of zinc.

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