Hindustan Zinc Profit Rises to Most in Four Years on Price Gains

- January 19th, 2011

Bloomberg.com reports that Hindustan Zinc reported significant profits in the third quarter

Bloomberg.com reports that Hindustan Zinc reported significant profits in the third quarter.

The story is quoted as saying:

 Prices of zinc, that’s required to rust-proof steel used to make automobiles and appliances, averaged 4 percent higher at $2,331 a metric ton in the quarter in London. The average price of silver, the precious metal that the company produces, rose more than 50 percent to $26.5 an ounce in the last quarter in the cash market

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