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08 NOVEMBER 2022 AL CIRCLE

Vedanta curtails its aluminium wire rod price by INR2000/t with effect from November 8

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 2,000 per tonne or 1 per cent, with effect from Tuesday, November 8. With the latest cut, the company’s aluminium wire rod price has come in at INR 225,750-233,250 per tonne versus INR 227,750- 235,250 per tonne on November 5.

Vedanta trims its aluminium wire rod price by INR2000/t with effect from November 8

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Vedanta’s aluminium billet price is hovering around INR 227,250 per tonne, effective from November 8, compared to INR 229,250 per tonne. Aluminium ingot price has pegged at INR 218,250-249,250 per tonne, also down by INR 2,000 per tonne from INR 220,250- 251,250 per tonne.

Vedanta has cut its aluminium ingot and aluminium products prices in response to the decline of US$14 per tonne in the three-month futures of aluminium on the London Metal Exchange from US$2,306 per tonne on November 4 to US$2,292 per tonne on November 7.

Future of the Global Aluminium Castings Industry

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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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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