In this article we have shed light on everything you need to know about zinc and zinc commodity price.
Before exploring the zinc live price, let’s take a look at the various uses of zinc. Zinc is primarily used as an anti-corrosion agent. Widely used for galvanization, which is the process of coating of iron or steel, zinc has a number of industrial uses. For instance, zinc oxide is commonly used in the manufacturing of a number of products such as paints, inks, rubber, plastics, cosmetics, pharmaceutical drugs, soaps, batteries, and electrical equipment. The ever-expanding global demand for galvanised steel, alloys of zinc, and other zinc products are expected to drive zinc commodity prices.
Zinc prices in India increased by 30 paise, reaching about Rs 186 per kg in the futures market due to a rise in the spot demand. Investors can consider purchasing zinc commodities as part of a basket of base metals. Buying a basket of commodities safeguards the investor from the volatility of individual commodities, besides diversifying the investor’s portfolio.
As commodities such as zinc offer traders an excellent way to diversify their investment portfolio and reduce their overall risk, it’s time to take stock of the zinc futures price today!