Investing.com -- The London Metal Exchange said on Wednesday that it is considering a system to add a premium to the prices of sustainable metals.
This premium would apply to LME-approved brands.
The proposed premium would reflect the added value of producing aluminium, copper, nickel, and zinc in a sustainable manner, according to a statement from the LME.
Matthew Chamberlain, CEO of the LME, detailed the proposal, stating that these premiums are intended to support the formation of sustainable premia accessible to the entire market.
Chamberlain added that the proposed system could "unlock the value attached to sustainability and have the potential to drive the development of the market for more sustainable metals."