Bhubaneswar:London Metal Exchange (LME), the global hub for trading industrial metals and setting benchmark prices, has on boarded Vedanta Aluminium, India’s largest aluminium producer, as the first smelter in the country to successfully implement the LME Passport program. This makes Vedanta Aluminium the first smelter in India to digitally link its metal quality analysis system with the LME and the fifth primary aluminium producer globally to establish a direct digital connection for Certificates of Analysis (CoA) submission from its smelters to the LME Passport platform.
The integration of the LME Passport is a pivotal step forward in streamlining VedantaAluminium’s operations. The platform automates the submission of CoAs,therebyensuringquality assurance and compliance for metal shipments, while enhancingtraceability, accessibility, and transparency throughout the process. LME Passport’s digitalplatform revolutionizes the way metal documentation is managed, eliminating the need forpaper-based processes and significantly reducing the risk of errors and inefficiencies. By automating key tasks and providing a centralized digital record, it streamlines operationsthroughout the entire metal supply chain, from production to delivery.Commenting on this achievement, Vedanta Aluminium COO Sunil Gupta said: “Vedanta Aluminium’s successful implementation of the LME Passportunderscores our commitment to adopting cutting-edge digital technologies that enable us tomeet the highest global standards in metal quality assurance. This initiative furtherstrengthens our position as a leader in the aluminium industry, ensuring our customersreceive the highest quality products with the utmost transparency.”The LME is the world’s central hub for trading industrial metals, setting the global benchmarkprice for aluminium. The exchange has mandated for all primary aluminium smelters todigitize their CoA submission processes by October 2024. Vedanta Aluminium’s earlyadoption of the LME Passport positions it to meet these evolving industry standards whilereinforcing its leadership in innovation, operational efficiency, and sustainability. Thisachievement not only strengthens Vedanta’s commitment to excellence but also bolstersIndia’s standing in the global aluminium market.
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium,manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is aleader in value-added aluminium products that find critical applications in core industries.Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023world rankings for the aluminium industry, a reflection of its leading sustainable developmentpractices. With its world-class aluminium smelters, alumina refinery and power plants inIndia, the company fulfils its mission of spurring emerging applications of aluminium as the’Metal of the Future’ for a greener tomorrow.
