Vedanta aluminium price marks growth of INR 2,500/t on March 18
Vedanta has registered a hike of 1.32% in its aluminium products price on March18. With effect from Thursday, 18 March 2021, the prices of some aluminium ingots stand at INR 183,750-196,750 per tonne, an increase of 1.32% or INR 2,500 per tonne from INR 181,250-194,250 per tonne on March 17.
The company is selling its billet at INR 191,750 per tonne on Thursday, 18 March 2021, indicating a growth INR 2,500 per tonne from INR 189,250 per tonne on March 17.
The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December.
Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium Co Ltd and smelters at Jharsuguda in Odisha. It commands a 40% share in India's primary aluminium market.
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