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ICEX Commodity Profile – Zinc
Zinc is a blue-gray, metallic element, with atomic symbol Zn. Zinc
is the fourth most common metal in use, trailing only iron, aluminium,
and copper. Zinc ores contain 5 -15% zinc. Over 95% of the world’s zinc
is produced from zinc blende (ZnS). About 70% of the world’s zinc
originates from mining, while the remaining 30% comes from recycling
secondary zinc.
Economic importance
- Zinc is mainly used in galvanizing due to its resistance to corrosion.
- Its strength and electrical conductivity make it useful in electrical
plugs.
- It has major applications in construction industry, transport, consumer
goods, electrical appliances and general engineering.
Global Scenario
Asia, Europe and America are the major regions for zinc production. Zinc
is mined mostly in China, Australia, Peru, Europe, Canada, Mexico and
the US. China is the largest producer of Zinc mine output with 30%
contribution to total output. Global zinc production has seen a
significant growth in last few years on rising demand from the
construction industry. China is the largest zinc consuming country in
the world. Other major zinc consumers are Europe, United States, Japan
and Korea.
Domestic Scenario
India accounts for 4% of total zinc production in the world. India is
one of the fastest growing regions of zinc consumption in the world.
Zinc consumption in the last years has increased in India. Growth in
steel sector is the main factor behind the rise in domestic consumption
as 70 percent of India’s zinc use is accounted by steel galvanizing.
Hindustan Zinc Ltd. is India's largest producer of zinc. All the major
zinc ore mines in India viz. Rampura Agucha, Rajpura Dariba and Zawar
mines are located in the state of Rajasthan. |
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