Andrew Forrest urges LME to classify nickel contracts as "clean" and "dirty" to save Australia's nickel industry.

Australian iron ore magnate Andrew Forrest, chairman and founder of Fortescue Metals Group, urges the London Metal Exchange (LME) to classify nickel contracts as "clean" and "dirty" to give customers more choice. This move aims to save Australia's nickel industry, with the country's nickel production typically having higher environmental and regulatory standards than Indonesia. The differentiation could lead to a green premium.

February 26, 2024
2 Articles