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25 AUGUST 2021 AL CIRCLE

Vedanta raises its aluminium ingot price by INR 2,750/t to INR 228,250-241,250/t

EDITED BY : HEENA IQBAL 1MINS READ

Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24.

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The billets price stands at INR 236,250 per tonne on 25 August 2021, indicating a growth of  INR 2,750 per tonne or 1.18% from INR 233,500 per tonne on August 24.

The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2648.5 per tonne on August 24, from US$ 2609 per tonne on August 23.

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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 : HEENA IQBAL 1MINS READ

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