Demand for silver from the industries is recovering which is paving way for the India's larget silver producer Hindustan Zinc Ltd to aim for doubling its production in 5 years. Expectation of the new demand is from the sharply fallen silver imports.
Initiatives like Make in India, Digital India may increase the silver demand in upcoming years. Silver's industrial comsumption in india is 16% compared to the global 51% industrial silver consumption.
Silver jewellery, silver coins and bars, silverware form the major part of silver consumption in India.
The demand may drive from the solar panel industry where silver is a important raw material used. Hindustan Zinc has Sindesar Khurd mine which is a silver rich mine along with other mines which are under expansion.
Hindustan Zinc Ltd are planning to produce a huge 500 tonnes of silver in the financial year 2017. They are aiming to double the production to 1000 tonnes of silver with the help of expansion plans.
This article was posted on 2016-09-08.
|Silver||18.26 / 1oz||25.42 / 1oz||1,221.24 / 1oz||14.60 / 1oz||14.60 / 1oz||January 24, 2018|