Further measures to increase transparency and investments for metal producers were required to expand the sustainable metal market, participants said on a sustainability panel during the London Metal Exchange's online LME Week seminars on Monday October 19.
Harald Friedl, sector lead at Climate Champions, said that the issue of sustainable metals supply chains has continued to gain traction among the general public, with large investment funds starting to pull out of carbon-intensive assets in the past year to focus instead on those with lower carbon footprints."When you hear financial centers such as New York or London say that our pension money, our pension system, is no longer going into investments that support the oil and gas industry, it's a huge shift that has...