The London Metal Exchange has set out its requirements for responsible sourcing, outlining three routes to compliance
, it said on Friday October 25. The requirements will be underpinned by the Organization for Economic Cooperation and Development’s due diligence guidance.
A group of metals and mining companies, including Glencore and Anglo American, have joined forces with the World Economic Forum to explore the use of blockchain technology
to accelerate responsible sourcing of raw materials.
Sellers undercut previous cobalt metal price offers
in thin trading in order to lock in business, with a greater focus placed on contract negotiations for 2020.
Ferro-vanadium prices declined last week amid aggressive offers, with vanadium pentoxide prices following suit
Swiss commodity trading and mining company Glencore recorded a year-on-year decrease in copper and nickel production
for the third quarter of 2019, while zinc production increased.