The LME Passport is the London Metal Exchange’s new electronic register of certificates of analysis (CoA) and digital credentials, designed for two purposes: to replace the current paper-based model; and to record information related to the sustainability of metals.
CoAs are quality assurance documents that must accompany all shipments of LME metals to and from the warehouse. They show the origins, purity, size and shape of each batch of metal.
LME Passport digitizes CoAs, eliminating paper or PDF records that can often be damaged or lost. Digitized CoAs bring more security, accessibility, and transparency to the process.
In addition, the LME Passport offers producers the opportunity to provide other information related to sustainability. Information that may include environmental objectives, social considerations, and corporate governance objectives, such as bribery and corruption controls, among others.
The LME Passport, which went live on August 31, 2021, is being implemented gradually, starting with aluminum, covering lead and zinc, and expanding to all metals; so, from January 2024, all producers of the LME brand will have to register improved CoAs for their metals in the LME Passport.