Vedanta Aluminium Becomes First Indian Smelter to Implement LME Passport
The London Metal Exchange (LME) has onboarded Vedanta Aluminium as the first smelter in India to successfully implement the LME Passport program. This milestone makes Vedanta Aluminium not only the first in the country but also the fifth primary aluminium producer globally to establish a direct digital connection for Certificates of Analysis (CoA) submission to the LME Passport platform.
The integration of the LME Passport marks a significant advancement in streamlining Vedanta Aluminium's operations. The platform automates the submission of CoAs, ensuring quality assurance and compliance for metal shipments while enhancing traceability, accessibility, and transparency throughout the process. By eliminating paper-based processes, the LME Passport digital platform revolutionizes metal documentation management, significantly reducing the risk of errors and inefficiencies. By automating key tasks and providing a centralized digital record, the platform optimizes operations across the entire metal supply chain, from production to delivery.
Commenting on this achievement, Sunil Gupta, COO of 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 serves as the world’s central hub for trading industrial metals, setting the global benchmark price for aluminium. The exchange has mandated that all primary aluminium smelters 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 bolsters Vedanta’s commitment to excellence but also enhances India’s standing in the global aluminium market.
Vedanta Aluminium is India’s largest aluminium producer, manufacturing more than half of the country's aluminium output, which amounted to 2.37 million tonnes in FY24. The company is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranked first in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, reflecting its leadership in sustainable development practices. With world-class aluminium smelters, an alumina refinery, and power plants in India, Vedanta is committed to spurring emerging applications of aluminium as the 'Metal of the Future' for a greener tomorrow.
