International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday.
The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a joint open letter from 13 global NGOs that were sent to the LME in December.
The LME stated that the proposed rules for the application of responsible sourcing standards are consistent with the Organisation for Economic Cooperation and Development Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
Public consultations will close on June 30.