Energy Markets
LMEWEEK - LME will roll out premium prices for sustainable metals
London Metal Exchange (LME), announced on Monday, plans to introduce a new method to determine how much premium customers will pay for metals that are produced with less carbon and meet other sustainability standards. Some miners claim that their metals made with renewable energy cannot compete with the cheaper output made using coal. The LME has rejected the introduction of separate sustainable metals contracts at the exchange. They argued that it would dilute the liquidity. Matthew Chamberlain, CEO of the Chamberlain Group, said that many end users are reluctant to pay more for products that are sustainable. For some metals...