The London Metal Exchange has bolstered efforts to explore low-carbon initiatives this month, emphasizing green aluminium production as its target, but at a time of unprecedented distortions across the global raw materials supply chain, market sentiment remains mixed.
The exchange is set to begin exploring steps to incorporate diversified aluminium production into its systems, LME chief executive Matthew Chamberlain said in an interview with the UK's Financial Times on Friday June 5."Our plans include the launch of a scrap aluminium contract to support price risk management, as well as working with the market to investigate a standalone spot trading platform for the exchange of aluminium warrants, enabling downstream users to procure metal with their required characteristics, such as low...