Reuters claimed an exclusive on 18th September, reporting that the LME will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers 3 more years to comply with guidelines. The article notes the legal situation in the US and EU. In the US, the Dodd-Frank Act requires companies operating in conflict areas such as DRC to conduct due diligence to establish minerals are conflict-free – the minerals involved are tin, tantalum, tungsten and gold. The EU in May 2017 passed a Regulation to stop mine workers being abused and conflict minerals being exported to the EU and this will become effective on January 1st 2021.
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