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Zinc


Introduction

  • Zinc is a chemical product with symbol Zn and atomic number 30.
  • It is used with copper to form brass, and it is hard and brittle in it's natural state, less dense than iron and used to make many alloys.

Characteristics

  • It is a bluish-silver, lustrous metal that tarnishes in moist air, producing a layer of carbonate.
  • Zinc reacts with both acids and alkalis.
  • Zinc is a fair conductor of electricity and burns in air with a bright bluish-green flame producing white clouds of the oxide.
  • Without loss of its physical or chemical properties, it can be recycled indefinitely.

Supply and Demand

  • In 2008, the global zinc supply rate had increased by around 2.7 percent over the previous year.
  • China remains the world's largest zinc producer, and it is also the world's largest consumer and largest refiner of this metal.
  • In 2010, the rise in world zinc mine production was primarily influenced by higher output in Australia, China, India, Mexico and the Russia.

Global Scenario

  • The Chinese imports of zinc in 2011, contained in zinc concentrates declined by 34% to 821 KT, over the previous year.
  • Globally, major refined zinc exporting countries are Canada, Australia, while major refined zinc importing countries are China, USA and Germany.

Indian Scenario

  • In 2009, India‚Äôs refined zinc production was 646,000 MT, an increase of around 8%-9% from the previous year.
  • Also the consumption of refined zinc in India reached 512,000 MT in 2009, an increase of 20.8% from 2008.
  • The use of zinc in the Indian market is in the galvanizing sector, which currently accounts for an estimated 70% of the total production.

Factors Influencing the Market

  • The rates that rule on the international spot market, and Rupee and US Dollar exchange rates.
  • Economic events such as national industrial growth, global financial crisis, recession, and inflation affect commodity-specific events such as the metal prices.
  • New uses or the discontinuance of historical uses, unexpected mine or plant closures or industry restructuring, all affect metal prices.
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Metal

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Minerals

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Chemicals