Commodities & Energy

Reuters reveals London Metal Exchange to delay ban on tainted metal until 2025

Reuters reveals London Metal Exchange to delay ban on tainted metal until 2025

Reuters exclusively reported that the London Metal Exchange (LME) 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. Under the initial plan announced in April, the exchange had set 2022 as the deadline to bar metal from the LME’s lists of approved brands whose extraction involved abuses such as child labor or which was tainted by corruption.