Primary Aluminium News - Market

Vedanta Ltd draws INR 2750/t from its aluminium ingot price, totalling INR223500-254500/t on Nov. 24

  | AlCircle   |

Vedanta Limited has reduced its aluminium ingot and aluminium products prices by INR 2,750 per tonne on Thursday, November 24, just after the day it hiked its products prices by INR 4,500 per tonne. The latest cut has brought the company’s aluminium ingot price to INR 223,500-254,500 per tonne as of November 24, compared to INR 226,250-257,250 per tonne on November 23.

Vedanta Ltd draws INR 2750/t from its aluminium ingot price, totalling INR223500-254500/t on Nov. 24

Vedanta’s aluminium wire rod price has slipped to INR 231,000-238,500 per tonne on November 24 from INR 233,750-241,250 per tonne on November 23. Aluminium billet price is at INR 232,500 per tonne, with effect from November 24, also down by INR 2,750 per tonne from INR 235,250 per tonne on the previous day.

Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metals Exchange, which shrank by US$30 per tonne on November 23 from INR 2,394 per tonne on November 22.

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.

Edited By:

This news is also available on our App 'AlCircle News' Android | iOS

Related Business Leads
Selling offer Aluminium sheet
We  can supply 1100 3003 3015 5005 alloy with thickness 0..02-1mm, and width from 200-1600mm color coated aluminium. Also we have mirror and brushed!...
Posted On : 21/Sep/2022

Selling offer Refining Flux
Type Function Scope of Application Dosage per ton Refining temperature 3RF Degassing & Deslagging Molten casting a...
Posted On : 17/Aug/2022

Buying request AK5M2
Specification AK5M2 Mg 0.2-0.85 Si 4.0-6.0 Mn 4.0-6.0 Cu 1.5-3.5 Ti 0.05-0.20 ...
Posted On : 09/Aug/2022

Selling offer Collector Bar
Uniseven being a solution provider in the Aluminium value chain business since last four decades & possess a rich experience in the industry by provid...
Posted On : 05/Jul/2022

Selling offer Collector Bar
Chemical composition, Mechanical Property & Electrical resistivity as per Customer's requirement Product/Item Collector Bar ...
Posted On : 05/Jul/2022
Alternate Text
EPIQ Machinery
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Alternate Text
RIA Cast House Engineering
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Alternate Text
Leading manufacturer of value-added equipment for the aluminum casthouse
Alternate Text
Jagannath Company
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals
Alternate Text
A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.
Alternate Text
Leading Aluminium Extruder in South East Asia, offering world class solutions from die fabrication, extrusion to value-added finishing.