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Vedanta to keep aluminium making cost low - Report

Metal News - Published on Tue, 14 May 2019

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The Prime Time reported that at a time when around 50%t of the global aluminium smelters are piling losses on subdued prices at LME, Vedanta Ltd aims to contain its aluminium making cost in the range of USD 1,725-1,775 in this fiscal, at par with prevailing LME prices of USD 1,766 per tonne for the cash buyer.

Vedanta’s focus on structural cost reduction has helped check its aluminium making costs from spiraling. After two straight quarters (Q2 and Q3) where aluminium cost of production shot up beyond USD 2,000, Vedanta succeeded in trimming it to USD 1776 per tonne in Q4 of FY19. Vedanta’s enhanced sourcing of local bauxite supplied by Odisha Mining Corporation and the ramp-up at Lanjigarh alumina refinery curtailed aluminium CoP.

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Posted By : Rabi Wangkhem on Tue, 14 May 2019
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