According to reports, the LME plans to launch a platform to trade ‘low-carbon’ aluminium mostly produced with renewable energy, marking the first time a metal will be traded based on its environmental footprint in the exchange’s 143-year history.

The spot trading platform will go live next year, connecting buyers and sellers of aluminium that meets certain low-carbon criteria.

The move reflects the growing appetite among companies and investors for disclosure of environmental, social and governance data. It comes after pressure from En+, owner of Russian producer Rusal, for the LME to force suppliers of the lightweight metal to disclose their carbon footprint on the exchange.

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