INDIAN ZINC INDUSTRY AT A GLANCE IN 2013 - 2014
Zinc production has been sluggish in in recent years in India and this would lead to tight supplies in the global market in the coming years. There is little growth in supply from new mines, and existing producers are struggling to maintain production levels and hence the demand for zinc from India. Increasing demand of zinc for galvanizing steel from construction sector, demand of zinc alloys and die-casting in automobile sector, and investment in infrastructure development are the Indian Zinc industry's major drivers. Production of refined zinc is expected to rise to 5.5 million tonnes in 2014 from 5.2 million in 2013, an increase of nearly 6 percent, as new smelters with combined capacity of 200,000 tonnes have started up production. Zinc outperformed in the base metal complex and will keep its position intact for a few years. Zinc Industry performed well in 2013 ahead of improved demand and supply deficit. Zinc prices outlook is optimistic for 2014 also.
