LMEpassport, a new digital register for physical metals data, is to be rolled out by the London Metal Exchange in 2021, starting with aluminium and gradually phasing in other metals over the next three years.
The digital register - part of a sustainability package that includes a spot trading platform and new contracts - is designed to provide a centralized transparency source, the data from which will form the basis of future access to sustainable metals via the LME's proposed online marketplace."I strongly believe that if we left it to others to launch low-carbon aluminium platforms and producers to sell low-carbon brands at a premium to the LME, that's fine until every tonne of aluminium is sustainable and the LME is left with an old specification that isn't consistent with what anyone is trading; then we're irrelevant," he...