 "HZL, Hindustan Zinc Ltd")
Hindustan Zinc’s stock is up 10 per cent in less than a week because of rising zinc prices. With the price of the metal scaling its highest level in 10 years, there is more upside for Hindustan Zinc.
Zinc prices on the London Metal Exchange (LME) touched $3,009 per tonne on Wednesday, the highest in a decade. This is a strong rebound after a correction from the $2,860-level in March to $2,424 a tonne in mid-June.
Analysts had earlier ascribed this weakness to muted Chinese data, even as they maintained their positive view looking at lower supplies. Chinese zinc concentrate production has
