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Vedanta Resources expects supply constraints to sustain zinc prices

Reuters  |  LUSAKA 

By Chris MfulaLUSAKA (Reuters) - Zinc prices are expected remain buoyant in the coming years after reaching their highest levels in a decade because of a shortfall caused by years of underinvestment, the founder and chairman of Vedanta Resources said on Wednesday.A rally in zinc prices to their highest since 2007 has helped to boost the overall profits of Vedanta, which has zinc projects in India, South Africa and Namibia.Vedanta Chairman Anil Agarwal said that demand for zinc and prices of the metal would remain high because there were only three major producers in the world."It is very ...

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First Published: Wed, April 11 2018. 18:49 IST