Vedanta’s aluminium wire rod price sees a hike of INR3750/t or 1.5% on June 7
Vedanta Limited further expanded its aluminium products and aluminium ingot prices, with effect from Tuesday, June 7. The company’s wire rod price saw a hike of INR 3,750 per tonne or 1.5 per cent on Tuesday to come in at INR 253,500-261,000 per tonne. On June 5, Vedanta’s aluminium wire rod price was at INR 249,750-257,250 per tonne.
Vedanta’s aluminium billet price also witnessed an increase of INR 3,750 per tonne on June 7 from INR 251,250 per tonne to INR 255,000 per tonne. Aluminium ingot price was no exception but also gained INR 3,750 per tonne to settle at INR 246,000-281,700 per tonne as of June 7.
Vedanta Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on June 6 jumped by US$40.50 per tonne or 1.5 per cent from US$2,701.50 per tonne to US$2,742 per tonne.
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.
South Korea’s DongShin Motech will supply LG Energy Solutions and Stellantis with aluminium battery casings to boost the EV market in Windsor
Next articleASI awards Performance Standard to Golden Aluminium for aluminium rolling unit in Colorado
Grow with
AL Circle
