The LME has introduced responsible sourcing requirements for all brands listed for good delivery on the LME.
In October 2019, the LME announced its responsible sourcing requirements following a formal market-wide consultation on proposals underpinned by the Organisation for Economic Co-operation and Development (OECD) Due Diligence Guidance.
The LME’s requirements, which will apply to all its listed brands, rest on four core principles: the combination of transparency and standards; non-discrimination between large-scale mining (LSM) and artisanal / small-scale mining (ASM); adherence to well-established work in the sector; and a pragmatic and clear process.
Summary documents and educational resources
LME responsible sourcing
Overview of LME responsible sourcing
LME responsible sourcing overview presentation
LME press release
latest rules and timeline
View the latest rules on responsible sourcing at the LME. This section purely acts as a reference to the market engagement completed during the processes of defining the requirements.
- 2017 – LME conducted a responsible sourcing survey with all producers of its listed brands
- 5 October 2018 – LME launched its position paper on responsible sourcing
- 11 March 2019 – Published the position paper on responsible sourcing feedback analysis
- From 23 April to 30 June 2019 – LME ran a consultation on the implementation of responsible sourcing requirements
- 25 October 2019 – LME announces it’s final requirements – publishing the policy, amendments to the rulebook, the Red Flag Assessment template and the feedback received to the consultation
- November 2020 – LME publishes further guidance documents, audit and alignment assessment applications and secondary material forms