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LME Cautious on Low Carbon Aluminium Push

Metal News - Published on Mon, 11 Nov 2019

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Financial Review quoted London Metals Exchange chief executive Mr Matthew Chamberlain as saying that he is reluctant to divide the world into good and bad with regard to carbon emissions, as the 142-year-old institution mulls whether to introduce a discrete market for low carbon aluminium. The LME recently announced rules that will prevent trading on its platform of metals that fall short of child labour and ethical sourcing standards by 2022, but Mr Chamberlain said he did not expect such a binary approach to the carbon intensity of aluminium, which requires huge amounts of electricity in the manufacturing process.

Big aluminium producers like Russia's Rusal have been pushing the LME to introduce a special market for aluminium made with zero or minimal carbon emissions, and that push comes as the high carbon intensity of Australian aluminium smelters increasingly looms as a threat to their survival.

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Posted By : Rabi Wangkhem on Mon, 11 Nov 2019
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