Session 7: Trading hubs and recycling: risks and opportunities for strengthening due diligence
May 5, 2022 | 9:30 AM - 10:45 AM
May 5, 2022 | 9:30 AM - 10:45 AM
Description
Trading hubs can play an important role in making due diligence a basic expectation for the minerals trade. If not properly managed, however, they can also present challenges related to increased opacity, especially where recycled minerals are concerned. Awareness of due diligence expectations for recycled metals also appears to be critically low in some jurisdictions, an issue that is made more complicated in some cases by differing understandings of the meaning of ‘recycled’. The proliferation of online trading platforms adds another challenge to conducting due diligence. This session will delve into the risks posed by such challenges and the changes that are needed to close the gaps created by them.
