Construction Industry News
The London Metal Exchange (LME) has onboarded Vedanta Aluminium as the first smelter in the country to successfully implement the LME Passport program. This makes Vedanta Aluminium the first smelter in the 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 Vedanta Aluminium’s operations. The platform automates the submission of CoAs, thereby ensuring quality assurance and compliance for metal shipments, while enhancing traceability, accessibility, and transparency throughout the process. LME Passport’s digital platform revolutionizes the way metal documentation is managed, eliminating the need for paper-based processes and significantly reducing the risk of errors and inefficiencies. By automating key tasks and providing a centralized digital record, it streamlines operations throughout the entire metal supply chain, from production to delivery.
Commenting on this achievement, Sunil Gupta, COO, Vedanta Aluminium said, “Vedanta Aluminium’s successful implementation of the LME Passport underscores our commitment to adopting cutting-edge digital technologies that enable us to meet the highest global standards in metal quality assurance. This initiative further strengthens our position as a leader in the aluminium industry, ensuring our customers receive the highest quality products with the utmost transparency.”
The LME is the world’s central hub for trading industrial metals, setting the global benchmark price for aluminium. The exchange has mandated for all primary aluminium smelters to digitize their CoA submission processes by October 2024. Vedanta Aluminium’s early adoption of the LME Passport positions it to meet these evolving industry standards while reinforcing its leadership in innovation, operational efficiency, and sustainability. This achievement not only strengthens Vedanta’s commitment to excellence but also bolsters India’s standing in the global aluminium market.
Vedanta Aluminium 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 a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
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