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NEW DELHI: Hindustan Zinc on Thursday cut the prices of zinc by Rs 2,400 a tonne and lead by Rs 10,500 a tonne on account of weak global cues.

Zinc would now cost Rs 81,100 a tonne, while lead would now be available at Rs 90,400 a tonne, a circular at the firm's website said. The price revision would be effective from today, it added.

Prices of non-ferrous metal are governed by the movement on the London Metal Exchange (LME). The downward movement of zinc and lead prices was seen due to weak trend on the LME during last week on account of rising inventories, according to industry obse rver.

Zinc is used for producing galvanising steel, alloys, while lead is used in batteries, rubber and paint industries.

Shares of Hindustan zinc was trading at Rs 557.95, down 0.54 per cent on the BSE in late afternoon trade. - PTI

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