LME: Launches digital provenance register for metals
- LME launched passport, a centralised digital register that stores electronic Certificates of Analysis (CoAs)
- Existing paper and PDF format CoAs can be easily scanned and digitised on the platform
- Metal producers are encouraged to record information in passport at the point of production
- Also enables users to provide disclosures related to metals’ sustainability characteristics on a voluntary basis
- The metals industry is increasingly embracing digital solutions to streamline manual processes for customers across the value chai
- Provides substantial benefits for users not only by automating manual processes and reducing operational risk
