The London Metal Exchange (LME) will postpone plans to ban metal tainted by huma...
LONDON/BEIJING - The London Metal Exchange will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said.
The initiative to ensure responsible sourcing followed an outcry about cobalt mined by children in Africa. A senior metal trader said the LME now had time to review its plan. “It’s being kicked into the long grass, it looks like they want to rethink some aspects,” he said. “The LME is a price setting forum, not a policeman.”Industry sources said some metal producers including Chile’s Codelco CODEL.UL, the world’s largest copper producer, and Antofagasta considered their own rules more rigorous in ensuring responsible sourcing than those drawn up by the OECD.
Codelco told Reuters in a statement it “is participating and analyzing in detail the process that the LME is carrying out and will adopt a decision regarding its implementation when there is greater clarity regarding its content.” “We hope this will encourage more companies to meet international standards and requirements,” he said, saying the policy “poses a great challenge” for Chinese firms.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Toronto Film Review: ‘Sound of Metal’“Sound of Metal” is a film with a potent, searing hook. It stars Riz Ahmed, who is such a sensational actor (just watch him in “Jason Bourne” or “Nightcrawler” o…
Consulte Mais informação »
Hear Brittany Howard’s Searing New Manifesto ’13th Century Metal’Hear Brittany Howard’s potent new proclamation, '13th Century Metal,' from her upcoming album, ‘Jaime’
Consulte Mais informação »
Extinction Rebellion stages funeral procession to end London Fashion WeekThe climate change activist group is calling for this year's fashion week to be the last, after demanding its cancellation in an open letter to the British Fashion Council earlier this year.
Consulte Mais informação »
'Waves,' Michael B. Jordan Talk Added to London Film Festival Lineup'Just Mercy,' 'Harriet,' 'The Friend' and 'Wasp Network' are also among the festival's late additions.
Consulte Mais informação »
Prince Charles's surprising contribution to London Fashion Week REVEALEDThe Prince of Wales has collaborated with eco-friendly designers Vin + Omi
Consulte Mais informação »