London Bullion Market Association Renews Certification for Hindustan Zinc’s Silver Refinery Certification Renewed
Amidst the global silver price rally, Hindustan Zinc Limited has been awarded renewed certification of Responsible Silver Guidance by the LBMA for its Pantnagar Metal Plant, confirming its adherence to international quality standards. The company produced 746 metric tonnes of silver in FY24, securing its place as the world's third-largest silver producer. This certification recognizes Hindustan Zinc's silver products as meeting global trading standards. The Pantnagar Metal Plant was praised for its responsible sourcing, production procedures, sustainability parameters, and innovation.
Hindustan Zinc's CEO emphasized the company's
commitment to high-quality silver production and its focus on emerging
industrial and consumer demands, suggesting that a separate silver company may
be established through demerger to boost growth. The increasing demand for
silver in various industries such as solar energy, electronics, AI, healthcare,
and transportation is highlighted, showcasing the metal's importance in the global
energy transition. Hindustan Zinc's growth in silver production, as well as its
sustainability efforts and innovative practices, have positioned it as a key
player in the metals and mining industry with a focus on providing critical
metals for a sustainable future.
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