The London Metal Exchange said on Thursday it is moving closer to launching official prices for “sustainable” metals, produced to higher environmental and social standards, and has rolled out a new website, LME Insight, together with its sister company Commodity Pricing and Analysis Limited.
LME Insight will publish metals market news, pricing data and details of the methodology used to calculate sustainable metal premiums.
CPAL has appointed Bashar Mohamadieh as general manager and he will soon be joined by teams covering price reporting as well as governance and compliance, LME said.
“The sustainable metal premium pricing methodology will be for LME-listed brands that meet verifiable enhanced sustainability thresholds, evidence of which will be disclosed on LME passport,” the exchange said in a statement.
(By Sarah Qureshi; Editing by Louise Heavens)
