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03.07.25 - 00:57
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India′s Hindustan Zinc Eyes Five Year Timeline To Move Into Rare Earth Metals (ZeroHedge)
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India's Hindustan Zinc Eyes Five Year Timeline To Move Into Rare Earth Metals
India's Hindustan Zinc is moving into rare earths, but commercial production could take up to five years, underscoring the hurdles of building a domestic supply chain to challenge China's grip on the sector. "This (rare earth) is of strategic interest (to India)," said CEO Arun Misra in an interview, according to Nikkei Asia.
The company was the only private bidder to win a monazite mining block in Uttar Pradesh in a government auction in May. However, exploration and reserve analysis will take three to four years. "The first part is exploration and mining, and that itself could take about three or four years, because we have to evaluate (the quantity and quality) of the reserves," said CEO Arun Misra.
Global supply of permanent magnets is tight after China restricted exports of rare earths like terbium and dysprosium, both used to boost neodymium magnets' heat resistance. Auto manufacturers h...
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28.04.25 - 07:54
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Hindustan Zinc CEO Sees Higher Zinc, Silver Prices (Bloomberg)
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Hindustan Zinc CEO and Whole Time Director, Arun Misra, says he expects global prices of zinc to stay between $2,600 and $2,750 per ton in the next two to three quarters, and then climb to $2,800 in the January-March period of next year. He spoke exclusively on Bloomberg's "Insight with Haslinda Amin." (Source: Bloomberg)...
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