Vedanta increased the price of its aluminum products by Rs 2,750 per ton. From Wednesday, August 25, 2021, the price of some aluminum ingots is 228,250 to 241,250 rupees per ton, which is more than 1% higher than the 225,500 to 238,500 rupees on August 24.
On August 25, 2021, the price of aluminum ingots was 236,250 rupees per ton, indicating an increase of 2,750 rupees per ton, an increase of 1.18% from the 233,500 rupees on August 24.
Indian aluminum producers usually link the price of their products to the price of 3-month aluminum futures on the London Metal Exchange (lme). On August 24, the price of aluminum was US$2648.5 per ton, while on August 23 it was US$2609 per ton.
Vedanta’s aluminum business usually accounts for one-third of the company’s consolidated sales.Vedanta holds shares in Bharat Aluminium Co Ltd and Jharsuguda Aluminum Plant.It has a 40% share in the Indian primary aluminum market.
Link to this article：On August 2021, 8, the price of Vedanta aluminum ingots increased by Rs 25 per ton
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