Silver is used in industrial applications like manufacture of semiconductors, solar PV cells and batteries.
HZL produced 556 tonnes of silver in 2017-18. The company sells silver in the form of 30 kg bars.
The company is aiming to produce 1,000 tonnes of silver in the next 3-4 years to figure among top five global silver producers.
According to the World Silver Survey report 2018, Hindustan Zinc was the 10th largest silver producing company globally in 2017.
The LBMA is an international trade association that represents the wholesale over-the-counter market for gold and silver bullion.
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