Media, page-2593

The push for a Green Ni Market Index is ramping up. This will, eventually, be very beneficial for BSX.

It can be expected, obviously, that China & the LME (owned by Chinese interests) will oppose efforts to give priority to Green Ni, & penalise the Ni laterites.
(How can China, however, intellectually & morally defend its reliance on hugely dirty & low ESG Indonesian Ni laterite? The EV revolution is fundamentally based on greatly REDUCING CO2 emissions, "to save the planet"!).

Reuters 13.3.24 said

"Forrest had told Australian media last month that the LME should classify its contracts into clean and dirty to give customers more choice. Wyloo is set in May to shutter two nickel mines in Australia that it bought last year for $504 million.

The LME said that low carbon nickel, which it classifies as producing 20 tonnes of carbon dioxide or less per tonne of nickel,could already be tradedon its partner MetalsHub’s system.

“Wyloo has been contacted by several parties seeking to develop a green nickel premium, so there is clearly demand for greater transparency and differentiation between clean and dirty nickel,” Wyloo CEO Luca Giacovazzi toldReuters.

“As the world’s largest metals exchange, the LME should be leading in this area,” he said.

“If the LME is to continue to set the standard for ethical metal supply practices, it cannot afford to take no action, or the industry will look for an alternative marketplace.”

Calls for a nickel price that reflects strong environmental and governance standards have grown from high-cost producers such as Australia, where low prices have forced miners to shutter operations due to a flood of Indonesian supply, most of which is produced using coal" .".

Wyloo says industry will turn from LME without green nickel - MINING.COM

Apologies for formatting- open link for full text.