LME partner Metalshub files first monthly report of low-carbon nickel
By Julian Luk
LONDON, April 9 (Reuters) -London Metal Exchange's partner Metalshub started to publish its monthly report of low-carbon nickel transactions on Tuesday as the industry called for a nickel price that reflects strong environmental and governance standards.
Metalshub said 2,126 tonnes of "class 1 nickel" worth approximately US$38.2 million were transacted on its platform in the month of March.
"Class 1 nickel" has a purity of 99.8 percent and above.
But no transaction with a registered carbon footprint
lower than 20 tonnes of carbon dioxide equivalent, a threshold set by LME for "low-carbon nickel" were reported for last month, the exchange said at a notice.
The exchange already said last month it did not plan to launch a separate "green" nickel contract because the market is not large enough, but said Metalshub was developing an index price that could gauge market activity of low carbon nickel.
Reporting by Julian Luk; Editing by David Gregorio
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