2 weeks Ago
The International Zinc Association sees demand for zinc in India doubling in less than a decade, powered by energy transition , battery technology, automobiles, infrastructure and the steel sectors. India currently consumes around 1.1 million tonne of zinc.
Vedanta-owned Hindustan Zinc is the largest producer of the metal in the country, and the second-largest globally. “India's demand for zinc is ahead of the worldwide consumption patterns,” Andrew Green, the Executive Director of the International Zinc Association said in the city today. “Combined with the rise in emerging applications, we at International Zinc Association are optimistic about the prediction on zinc demand in India to double in under 10 years,” he said.
At a global level as well, the demand for zinc is seen growing significantly. Demand for the metal from energy storage solutions is seen growing sevenfold in five years. The demand for zinc from solar power applications is seen growing by 43%, while doubling from the wind energy sector by 2030, the industry body said.
India is also expected to see a sharp jump in demand for zinc across these sectors. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Finance Financial Literacy - TDS, Budget, Income Tax Act, GST, Indirect tax By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Future of Marketing & Branding Masterclass By - Dr.
David Aaker, Professor at Haas School of Business View Program HR & People Management Human Potential and the Future of Employment By - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management Practice View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program Finance Financial Reporting and Analytics By - Dr. C.P.
Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program “We are at a critical juncture where zinc will play a decisive role in reducing carbon emissions, supporting renewable energy infrastructure, and ensuring sustainability for future generations,” Arun Misra, the chairman of the industry body said. Misra is also the chief executive officer of city-based Hindustan Zinc. More than three-fourth of the zinc used in the country is currently utilised for galvanising, and this is expected to continue driving demand in a big way.
“India’s record-breaking steel production, coupled with rapid infrastructure growth , presents a pivotal opportunity for zinc,” the association said in a statement. Corrosion costs account for as much as 5% of the country’s GDP, and this can be reduced significantly with the incorporation of zinc in infrastructure projects. Coating steel with a layer of zinc is known as galvanisation, and this helps in reducing the corrosion of steel.
(You can now subscribe to our Economic Times WhatsApp channel ).
