Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Total production at Zinc International, a subsidiary of Vedanta, jumped by 62pc to 61,000mt in Q1 compared to the prior-year quarter.


India-based mining company, Vedanta reported a healthy first quarter ending June with growth witnessed across metal production segments, because of weak Q1 FY21 owing to COVID-19 restrictions. 


Production at Zinc International surged as production at Gamsberg unit increased by 83pc in Q1 to 46,000mt as compared to prior-year period. Firm throughput from consistent plant availabilities and increased recoveries have improved production. Q1 2020 was also partially affected by COVID-19 restrictions.


Vedanta’s total aluminium output in Q1 rose by 17pc to 549,000mt from Q1 last year. The Lanjigarh refinery produced 482,000mt of alumina in Q1, 1pc higher as compared to Q1 FY21. The company continued to receive bauxite from The Odisha Mining Corporation. Operations at Lanjigarh refinery continued with 1.9mn mt production capacity.


Zinc India’s mined metal content rose by 9pc to 221,000mt, integrated metal surged by 17pc to 236,000mt while refined zinc production was up by 20pc to 188,000mt. Refined lead production was up by 9pc at 48,000mt. Copper cathodes’ production increased by 65pc to 28,000mt in Q1. 


Iron ore production of saleable ore in Q1 was 1.4mn dmt, up by 53pc from the same quarter a year ago. Pig iron production grew substantially by 85pc to 202,000mt as compared to Q1 FY21. Billet production fell by 81pc to 24,000mt in Q1 from 129,000mt produced in Q1 last year.

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