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18 APRIL 2022 AL CIRCLE

Vedanta slightly expands its aluminium wire rod & billet prices by INR1250/t on April 15

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

Vedanta Limited slightly expanded its aluminium products and aluminium ingot prices on Friday April 15, following a sharp cut of INR 13,000 per tonne on April 12. Since the latest increase, Vedanta is selling its aluminium wire rod price at INR 289750- 297250 per tonne, up by INR 1,250 per tonne or 0.43 per cent from INR 288,500-296,000 per tonne on April 12.

Vedanta slightly expands its aluminium wire rod & billet price by INR1250/t on April 15

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Vedanta’s aluminium billet price is now standing at INR 290,250 per tonne since Friday, April 15, as against INR 289,000 per tonne on April 12. Vedanta’s aluminium ingot has also witnessed a price rise of INR 1,250 per tonne, with effect from April 15, from INR 281,000-328,500 per tonne to INR 282,250- 329,750 per tonne.

Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange. So, in tandem with the rise in LME aluminium price by US$30.50 per tonne to US$3,237.50 per tonne on April 14, Vedanta grew its aluminium prices.

Shaping Future with Aluminium

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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