Zinc is a chemical element with symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. In some respects zinc is chemically similar to magnesium: both elements exhibit only one normal oxidation state (+2), and the Zn2+ and Mg2+ ions are of similar size. Zinc is the 24th most abundant element in Earth’s crust and has five stable isotopes. The most common zinc ore is sphalerite (zinc blende), a zinc sulfide mineral. The largest workable lodes are in Australia, Asia, and the United States. Zinc is refined by froth flotation of the ore, roasting, and final extraction using electricity (electrowinning). Zinc prices in India are fixed on the basis of rates that rule in the international spot market, andIndian Rupee and US Dollar exchange rates.
Zinc prices in India are fixed on the basis of rates that rule in the international spot market, and Indian Rupee and US Dollar exchange rates. Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes. Economic events such as the national industrial growth, global financial crisis, recession and inflation affect metal prices. Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring, all affect Zinc Commodity metal prices.
Daily Zinc has Movement of 1.0 Rs. to 2.25 Rs. Means 0.05 paisa tick price (1tick= 250 rs. So its good to trade Mcx Zinc in Intraday also.
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