Aluminium inventory shrinks on higher consumption

[SMM Aluminum Express News] Vedanta Aluminium has secured a ₹13,500 crore (approximately US$1.6 billion) syndicated bank loan to refinance debt inherited following the group's demerger, strengthening the company's long-term capital structure. The loan carries tenors of 6.5 to 7 years with interest rates of 7.9%–8.0%, and was arranged by a consortium of lenders including Axis Bank, HDFC Bank and ICICI Bank. The refinancing follows Vedanta Aluminium's separation into an independently listed company and is intended to replace existing debt transferred under the demerger, rather than fund new capital expenditure. The transaction is expected to improve the maturity profile of the company's borrowings while supporting its standalone operations after the restructuring.

[SMM Aluminum Express News] Australian Vanadium dan Alcoa of Australia telah menandatangani nota kesepahaman yang tidak mengikat untuk mengevaluasi penerapan sistem penyimpanan energi baterai vanadium flow 50–80 MW di kilang alumina Alcoa di Australia Barat. Sistem yang diusulkan akan menyediakan penyimpanan 6–8 jam, dengan potensi diperpanjang lebih dari delapan jam, untuk mendukung operasi kilang, mengurangi permintaan listrik puncak, dan meningkatkan pemanfaatan energi terbarukan. Studi penentuan ruang lingkup akan menilai kelayakan teknis dan komersial proyek ini, termasuk desain baterai, perkiraan biaya, pasokan elektrolit, opsi pendanaan, dan potensi pendanaan pemerintah. Jika studi berhasil, para pihak dapat melanjutkan ke studi kelayakan rinci dan menjajaki pengaturan komersial, termasuk potensi perjanjian offtake energi.