The London Metal Exchange has unveiled a package of sustainability proposals including new aluminium and steel scrap contracts, a spot trading platform and LMEpassport - a new digital register for physical metals data.
The spot trading platform is focusing initially on aluminium but is open to other metals. The first stage of LMEpassport is targeting electronic certificates of analysis (CoAs) for metals, with plans to expand its data set to include sustainability over time."The purpose of putting out this paper is to begin to capture that breadth of the sustainability debate and to put forward the LME's views on how we can be helpful to...