Hindustan Zinc reaches out to govt with revised demerger plan
New Delhi: Vedanta-owned Hindustan Zinc has reached out to its largest minority shareholder, Mines Ministry, with a revised demerger proposal that it expects will “unlock shareholder value”. The Ministry though is prioritising “strategic stake offload” in the company, over going ahead with the proposed demerger.

Zinc: Uptrend is intact. Hold on to the longs
Zinc price continues to rise. The Zinc Futures contract on the Multi Commodity Exchange dipped to a low of ₹254.80 per kg and then has risen back sharply from there. It is currently trading at ₹264 per kg.

Hindustan Zinc surges 19% to a record; experts against fresh entry now
Mumbai: The recent rally in prices of silver and optimism around increased industrial usage of the metal have fuelled a rally in the shares of Hindustan Zinc, which surged nearly 19% intra-day Friday to hit a lifetime high of ₹540.95. With Friday’s gains, the shares have gained more than a staggering 80% since April, with a rally in zinc prices also contributing to the gains.

Hindustan Zinc declares 500% interim dividend for FY25
Hindustan Zinc’s (HZL) board has declared an interim dividend of Rs 10 per share or 500% for FY25, entailing a total outgo of Rs.4,225.32 crore. The firm has fixed May 15 as the record date for the dividend.

Zinc futures: Bullish pattern remains valid
Zinc futures (May contract) on the Multi Commodity Exchange (MCX) returned nearly 18 per cent in April. Thus, the uptrend, which began in the second half of February, is valid. The rebound in price off the support band of ₹250-252 last week reinforces the bulls’ hold.

Tin prices may gain this year on supply concerns
Tin prices will likely rule at elevated levels this year on increasing worries over supplies after having come off two-year highs a fortnight ago, say analysts. The metal’s prices increased by 7 per cent in Q1 2024 (quarter-on-quarter) and strengthened further in April, partly reflecting continuing supply constraints in Myanmar and Indonesia, which account for 40 per cent of global production, said the World Bank in its Commodity Outlook.

Tin prices may rule higher this year on concerns over supplies
Chennai: Tin prices will likely rule at elevated levels this year on increasing worries over supplies after having come off two-year highs a fortnight ago, say analysts. 

Mineral production registers record 7.5% growth for FY24

Zinc futures: Go long when the price softens
Zinc futures on the Multi Commodity Exchange (MCX) has been facing resistance at ₹250 over the past few sessions. As the contract continues to hover around this price band, the chance of a corrective decline is increasing. From the current level, the April zinc contract is likely to see a dip to ₹235 – its 20-day moving average. Post this move, we can expect the contract to resume the uptrend, which can lift the contract to ₹265.

Govt spikes HZL’s revised de-merger plan
The government has persisted with its opposition to Vedanta’s move to de-merge Hindustan Zinc Ltd (HZL), even after the promoter changed the plan from a three- to two-way split. A senior official, on condition if anonymity told FE that the Centre would not support the revised proposal either, as it felt that several issues could arise as a result of the split.

Hindustan Zinc needs strong prices to show its mettle in FY25
Hindustan Zinc Ltd’s (HZL) revenue fell by 11% year-on-year to ₹7,550 crore in the March quarter (Q4FY24) thanks to lower realizations and subdued volume growth. The decline in Ebitda was steeper at 14%.

Strong demand, demerger hopes positive for Hindustan Zinc's stock
The Q4FY24 and FY24 results of Hindustan Zinc, a leading producer of zinc, lead and silver, indicated that the cycle for non-ferrous metals may be close to bottoming out. While Q4FY24 revenue stood at Rs 7,500 crore (down 11 per cent year-on-year) there was sequential quarter-on-quarter (Q-o-Q) revenue growth of 4 per cent vs Q3FY24. The sequential growth was driven by better zinc volumes.

Zinc prices may cross $3,000 per tonne mark in Aug or Sept: Arun Misra, Hindustan Zinc

HP-Indo-MIM combine to address growing global demand for 3D-printed high-precision metal parts

Hindustan Zinc ventures into exploration for critical and offshore minerals, establishes subsidiary
New Delhi: Vedanta-owned Hindustan Zinc, the third largest silver maker globally and among the major zinc makers in India, is planning to explore, discover and develop mineral blocks, especially critical, deep-seated, and offshore ones. It will also participate in an auction of critical mineral blocks here.

Offer-for-sale for Hindustan Zinc likely in three months, says CEO
An offer-for-sale announcement for Hindustan Zinc is likely from the government within three months, said chief executive officer Arun Misra.

Hindustan Zinc re-engaging with govt to get modified demerger proposals cleared: Arun Misra
New Delhi: Vedanta-owned Hindustan Zinc has come up with re-worked demerger plans. It will now look to have two companies — one for zinc and lead and the second for silver — against the previous plans to have three demerged entities.

Hindustan Zinc Q4 net profit down 21% on lower zinc prices; Here are all other details
Hindustan Zinc, a Vedanta group firm, reported a Q4 net profit of Rs 2,040, down 21% YoY from Rs 2583 crore in Q4 FY23. Sequentially, the net profit grew 0.5% to Rs 2,038 crore in Q4 from Rs 2,028 in the previous quarter.  

Zinc prices likely to come under pressure on excess supplies
Chennai: Zinc prices on the London Metal Exchange (LME) are currently ruling at a one-year high but slow global economic growth and excess supplies will likely drag the metal’s prices, analysts say.

Offer-for-sale for Hindustan Zinc likely in three months, says CEO

Hindustan Zinc Limited becomes world’s third-largest silver producer

Vedanta’s Hindustan Zinc recognised as third largest producer of silver globally
Hindustan Zinc Limited, a Vedanta group company, on Thursday announced that it has now become the third largest silver producer globally as per the World Silver Survey 2024 conducted by ‘The Silver Institute’, USA. “The company’s Sindesar Khurd Mine now stands as the world’s second largest silver-producing mine moving up from last year’s fourth position,” the company said in a regulatory filing. 

Zinc: Go long if futures dip to ₹232, stop-loss at ₹225
Zinc futures on the Multi Commodity Exchange (MCX) broke out of a range and marked a 52-week high of ₹251.2 last Friday. The breakout of the range of ₹205-230 has turned the short-term outlook positive and so, we are likely to see further rally. That said, zinc futures is likely to decline and retest ₹230 before witnessing the next leg of uptrend. At the resistance-turned-support level of ₹230, the 20-day moving average coincides. So, a decline below ₹230 is less likely.

New tech could boost Hindustan Zinc's metal recovery rate to 98.5%: CEO
Mumbai: Hindustan Zinc is set to implement a new technology in partnership with Bhopal-based VEXL Environ Projects Pvt Ltd to increase its metal recovery rate and generate zero waste in its operations.

Hindustan Zinc, VEXL Environ Projects sign pact to set up pilot project for waste management

Zinc breaks out of a range, at 11-month high
Zinc futures on the Multi Commodity Exchange (MCX) rallied last week and made higher highs. It broke out of the resistance at ₹225 and hit an 11-month high of ₹236.4 on Monday. The contract has broken out of the ₹205-230 range within which it has been oscillating since May last year. This fresh breakout has increased the odds of a rally from the current level.

Zinc futures trades below a support, go short
Zinc futures (April contract) on the Multi Commodity Exchange (MCX) faced a resistance at ₹227 in mid-March and declined. A week ago, it slipped below a support at ₹220, opening the door for further fall.

Q4FY24 Biz Update: Silver shines for Hindustan Zinc with production at 6.1 moz, mined and refined zinc posts healthy growth
Hindustan Zinc on Tuesday announced that the company has recorded its highest-ever quarterly refined metal production at 273 kt during the fourth quarter of FY24, up 6 per cent sequentially. The growth, it added, was on account of better plant availability. On-year basis, the Q4 growth was up 1 per cent in comparison to 269 kt during the same period last year. 

Hindustan Zinc mined metal output marginally down at 299 KT Q4; silver 5 pc up

Zinc futures a support; go short on a break
Zinc futures (April contract) on the Multi Commodity Exchange (MCX) rallied in the first half of March. However, after facing resistance at ₹227, the contract depreciated. On Monday, it closed at ₹220.60.