Vedanta Aluminium sees prices near $3,100 a tonne and output rising
In short
Vedanta Aluminium says output could rise to 2.9 million tonnes next year. It also says costs should stay within guidance even though input costs are higher.
The company expects better alumina production, more bauxite supply and operational fixes to help. It does not say the current output level or whether its forecast changed.
What the reporting says
Vedanta Aluminium said production could rise to 2.9 million tonnes next year while it keeps cost guidance despite higher input costs. CEO Rajesh Kumar said higher alumina production, more bauxite supply and operational improvements should offset the pressure, and aluminium prices are expected to stay around current levels during the quarter. The report does not state the current production level or whether guidance was formally changed.
Why it matters
Vedanta Aluminium said production may increase to 2.9 million tonnes next year while maintaining cost guidance despite higher input costs. CEO Rajesh Kumar said improved alumina production, increased bauxite supply and operational improvements should help offset the pressure, and aluminium prices are expected to remain around current levels during the quarter. The available reporting does not provide the current production base or a revised cost figure.