Hindustan Zinc has achieved global recognition as the third largest silver manufacturer

Hindustan Zinc, a Vedanta group company specializing in zinc, lead and silver businesses, has become the third largest silver producer in the world according to the World Silver Survey 2024 conducted by “The Silver Institute” in the United States of America

A mine stands The company's Sindesar Khurd is now the world's second-largest silver producing mine, surpassing last year's fourth place.

Silver plays an important role in the global industry, said Hindustan Zinc President Priya Agarwal Hebbar. The energy transition and our recent record silver production of 746 metric tons paves the way for Atmanirbhar Bharat. Hindustan's zinc production growth of 5% year-on-year is due to increased ore production and improved grades, strengthening its position as a major player in the global silver market. This remarkable achievement was achieved using innovative technologies and sustainable mining practices, which helped us improve the production process while reducing environmental impact. (LBMA) and its inclusion in the “London Good Delivery” list reaffirms the refinery’s compliance with global quality standards, which features an LBMA certification of 99.99% pure silver. Hindustan Zinc's silver refinery at Pantnagar Metal Plant, which is powered by 100% renewable energy used in its operations, aligns perfectly with the company's commitment to achieve net zero emissions by 2050 or earlier.

Globally, Solar: The fastest growing of all renewables, with around 440 GW installed by 2023, demand for silver is expected to increase. In addition, the proliferation of electrical and electronic devices and gadgets underscores the growing need for silver in conductive materials and components, due to its exceptional conductivity ideal for touch screens, circuits and connectors.

We expect a modest 4% after jewelery and India is expected to be the largest A contributor to a manufacturing recovery in 2024, due in part to the resumption of restocking by retailers. Demand for cutlery is expected to rise by 7%, mainly driven by India's strong economic growth and rising disposable income.