The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years. It’s expected to slide by more than 30 basis points by the end of 2024 from 7.22% on Thursday, according to the median estimate in a Bloomberg survey.
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Hindustan Zinc Ltd., a producer of zinc, plans to boost its output and decarbonize its operations under Chairwoman Priya Agarwal Hebbar. The company aims to increase its annual mined metal output to 1.5 million tons by March 2025, up from around 1 million tons currently. Hindustan Zinc will invest $1 billion over the next decade to reduce its reliance on coal and replace it with solar and wind energy.
The producer of zinc, used to galvanize steel to prevent rusting, said last week that it wants to grow its annual mined metal output to 1.5 million tons, from around 1 million tons now.