London Metal Exchange to ban brands not responsibly sourced by 2022
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LONDON (Reuters) - The London Metal Exchange (LME) on Tuesday launched an initiative that could see it ban or delist brands that are not responsibly sourced by 2022.The LME said its proposed rules would require all brands to undertake a "Red Flag assessment" based on guidelines set by the Organisation for Economic Co-operation and Development (OECD) by the end of 2020."If this assessment demonstrates potential responsible sourcing red flags, then that brand will be classified as a Higher-Focus..