SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hindustan Zinc hikes lead price to Rs 1.32 lakh/tonne

14 Jun 2011 Evaluate

Hindustan Zinc has hiked the price of lead by 2.6 per cent to Rs 1.32 lakh per tonne in sync with the rise at the London Metal Exchange (LME). The reason for the recent spurt in the LME price of lead, mostly used in the manufacturing of batteries, could be traced to the rise in demand of the metal on the back of good growth of automobile sales in emerging markets like Brazil, China and India. The auto sector is also witnessing slow recovery in major markets like the US, EU and Japan.

Buoyed by auto sales growth, global demand for refined lead rose by nine per cent to 9.18 million tonnes in 2010-11 against 8.43 million tonnes a year ago. Global lead smelter production was 9.44 million tonnes in last fiscal. The average lead price at the LME, in last fiscal, rose to $2,244 per tonne against $1,990 a tonne in 2009-10.

The Indian lead market grew by seven per cent to 3.8 lakh tonnes in 2010-11 over the previous year fuelled by the rise in the sale of auto battery on the high automobile production. Country’s battery industry commands around 90 per cent of the Indian lead demand.

Hindustan Zinc Share Price

563.60 3.75 (0.67%)
15-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1013.20
Vedanta 302.60
Hindustan Zinc 563.60
Jain Resource Recycl 350.75
CMR Green Tech 246.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: