London Metal Exchange (LME) conditionally approves new standard for responsible sourcing of battery materials and mineral supply chains in support of green energy transition
The London Metal Exchange (LME) has conditionally approved the Responsible Minerals Initiative's (RMI) Global Responsible Sourcing Due Diligence Standard for Mineral Supply Chains - All Minerals, marking the sixth RMI standard to receive recognition from the exchange.
The standard is a valuable due diligence tool for battery materials and the green energy transition, and applies to single-metal and multi-metal facilities globally. It is designed to verify the responsible sourcing practices of metal processors, integrated processing and mining operations, and independent mining operations as well as upstream traders and exporters.
The RMI continues to work with the LME to complete the full approval process of the OECD Due Diligence Guidance-based standards, which are all now conditionally approved.
The RMI is an initiative of the Responsible Business Alliance (RBA), with over 400 member companies, contributing to the development and international uptake of tools and resources focused on minerals supply chain due diligence. Its members contribute to the development and international uptake of a range of tools and resources focused on minerals supply chain due diligence, including independent third-party audit programs for smelters, Minerals Reporting Templates, supply chain risk assessment tools, Country of Origin data, and guidance documents on responsible sourcing of all minerals/metals.
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