The Zinc Price Index reflects the market value of zinc, a metallic element with atomic number 30, sourced primarily from sulfide sphalerite mineral ore. Naturally occurring in the human body, zinc plays a crucial role in red blood cells. With melting and boiling points at approximately 420°C and 907°C respectively, this whitish-blue metal tarnishes when exposed to moist air and combusts rapidly to form zinc oxide.
As a reactive metal, zinc readily forms compounds when it interacts with other metals. Its commercial applications include galvanizing steel and iron to prevent corrosion, as well as large-scale alloy manufacturing.
India, Vietnam, and the United States are prominent importers of zinc, while China, India, and Germany lead in zinc exports. The Zinc Price Index tracks fluctuations in the market value of this vital metal, influenced by factors such as demand, supply, and geopolitical dynamics.
Request for Real-Time Zinc Prices: https://procurementresource.com/resource-center/zinc-price-trends/pricerequest
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 is a reactive metal that readily reacts with other metals to form compounds and other alloys that are produced on a large scale. Zinc is the base element to produce Zinc oxide by reacting Zinc with oxygen. It is used as a roofing material, as it prevents corrosion and is an excellent option for manufacturing roofs. The metal is used to produce oil-based paints in petroleum and paint manufacturing units.
Additionally, Zinc oxide is used as an additive that is used in manufacturing rubber that is used extensively in tires of vehicles. It is largely used in metal casting industries and mixed with other metals to form alloys that are also used commercially on a large scale. Zinc is mixed with copper, aluminium, etc., to obtain alloys that are used in manufacturing electrical parts, electronics items, and vehicles.
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.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Jorge Garcia
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA