Conflict Minerals: London Metal Exchange to Delay Ban on Tainted Metal until 2025 - Sources

Sep 18, 2019 | Pratima Desai, Zandi Shabalala, and Tom Daly, Reuters
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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, industry sources said. 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. The initiative to ensure responsible sourcing followed an outcry about cobalt mined by children in Africa.