The London Metal Exchange has announced plans to launch a trading platform for sustainably sourced aluminium.

The platform for spot trades of aluminum warrants will allow users to buy aluminium with certain ESG characteristics such as a low volume of CO2 emitted in its production. Aluminum traded on the new platform is expected by some market practitioners to have a price premium because it will meet higher ESG sourcing standards. The LME say the platform could be ready to go live as soon by the end of next year.