London Metal Exchange – Supply Chain Transparency Move

According to an article by Reuters from earlier this month, the London Metal Exchange (the world’s largest market for industrial metals) is looking at a major push toward transparency in child labor in metals’ supply chain.  Specifically, the LME could by 2022 ban or delist metal brands that are not responsibly sourced .  According to the article, cobalt and tin producers (typically small operates in the DRC) would have more time to comply than large metal producers, so as to level the playing field.  The proposal is the largest push yet by the LME to clean up global supply chains and goes well beyond the exchange’s traditional requirement for suppliers to meet only metallurgical standards.  The brands would have to publish their full supply chain report by 2024.

This is a summary.  Click here for the full article.

 

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