Vedanta Aluminium becomes the first Indian Smelter to digitally connect to the LME Passport platform
• The platform improves
traceability, accessibility, and transparency in shipments by eliminating
reliance on paper documentation
• This advancement further
optimizes Vedanta’s process of ensuring product quality and compliance, thereby
elevating customer experience
The London Metal Exchange
(LME), the global hub for trading industrial metals and setting benchmark
prices, has onboarded 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 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, Chief
Operating Officer (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, 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 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.