Zinc, denoted as Zn on the periodic table with an atomic number of 30, is a metallic element sourced from sulfide sphalerite mineral ore. Present naturally in the human body as a crucial component of red blood cells, Zinc boasts melting and boiling points of approximately 420°C and 907°C, respectively. This whitish-blue metal tarnishes when exposed to moist air and readily combusts in the atmosphere, forming Zinc oxide.
Recognized for its reactivity, Zinc readily forms compounds when it interacts with other metallic elements. It holds significant commercial value in the protection against corrosion, primarily through its application in galvanizing steel and iron. Additionally, Zinc finds extensive use in the large-scale production of various alloys.
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As for trade, leading importers of Zinc comprise India, Vietnam, and the United States. Conversely, significant exporting nations include China, India, and Germany.
Key Details About the Zinc Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Zinc price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Zinc Price chart, including India Zinc price, USA Zinc price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Zinc Price Trend:
Zinc, a highly reactive metal, readily engages with other metals to form compounds and various alloys manufactured on a grand scale. It serves as the elemental base for generating Zinc oxide through its reaction with oxygen. Renowned for its corrosion prevention properties, Zinc finds widespread use in roofing materials, making it an ideal choice for constructing durable roofs. Moreover, in petroleum and paint production facilities, this metal contributes to the creation of oil-based paints.
Furthermore, Zinc oxide functions as an essential additive in the rubber industry, particularly in the production of vehicle tires. Its extensive application extends to metal casting industries, where it's blended with diverse metals to forge alloys that witness considerable commercial use. Through amalgamation with metals like copper, aluminum, and others, Zinc gives rise to alloys utilized in the fabrication of electrical components,
electronic devices, and automotive parts.
Key Players:
- American Elements
- The Doe Run Resources Corporation
- Korea Zinc Co., Ltd.
- Hindustan Zinc Limited
- Glencore plc
- Nexa Resources
News & Recent Development
- Date: March 24, 2023-The latest dividend announcement has stated that Hindustan Zinc will close with a divided sum of around 75.5 Rupees per share FY23.
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