Binani raises zinc ingot prices 6.5%

Binani has raised zinc ingot prices by 6.5 per cent in the domestic market following a surge in the global price of the metal.

India's Binani Industries has raised zinc ingot prices by 6.5 per cent in the domestic market following a surge in the global price of the metal to record highs, a senior company official said on Thursday.

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The price for high-grade zinc ingots was raised by Rs 9,000 a tonne to Rs 147,000 from February 1, said Sushil Bhatter, chief executive officer of Binani Industries, which owns Binani Zinc, India's second-largest producer of the metal.