On June 17, 2025, India's largest refined zinc producer, Hindustan Zinc, announced that it had approved a production capacity enhancement project worth INR 120 billion (approximately USD 1.39 billion). The company plans to build a metal complex with an annual production capacity of 250000 tons in Rajasthan, as the first phase of doubling the annual zinc production from 1.02 million tons to 2 million tons. The details of subsequent expansion will be announced within one or two months.

The project is expected to be completed in 36 months and generate cash income from the fourth year onwards. The total capital expenditure is expected to reach 320 billion to 350 billion rupees in the next five years, and the annual revenue during peak production capacity is expected to reach 620 billion to 650 billion rupees. At the same time, the company will increase its silver refining capacity from 800 tons per year to 1500 tons, and has expressed interest in rare earth mining in India, planning to increase investment after policy liberalization. CEO Alan Misra predicts that silver prices may reach $41-42 per ounce in 2027, and supply will remain tight. (This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website strategy column editor/Wu Juan