02- LME
London Metal Exchange Registration (LME) Consulting
Facilitating LME Registration: A Stepwise Consulting Approach
We successfully collaborated with a leading Metal Company to achieve registration with the prestigious London Metal Exchange (LME). LME registration is a rigorous process, requiring compliance with stringent financial, operational, and quality assurance standards. Below is a stepwise hierarchy we implemented to guide the company.
How it Works
Here is the step-by-step guidance we provided that enabled the company to achieve LME certification.
01
Preliminary Assessment
- Conducted an exhaustive evaluation of the company's operations, and supply chain capabilities.
- Identified gaps in compliance with LME requirements, including quality assurance standards and reporting protocols.
02
Strategic Planning
- Developed a detailed and Customized Roadmap to address Compliance Gaps.
- Prioritized actions across operational efficiency, transparency, product quality & Supply Chain Robustness.
03
Process Optimization
- Enhanced production workflows to ensure consistent quality and traceability of metal products.
- Trained employees Established robust internal systems for quality control and assurance, adhering to LME standards.on ASI requirements to foster accountability and sustainable practices.
04
Documentaion & Submission
- Assisted in preparing and submitting the requisite documentation, including technical data, product specifications & supply chain disclosures.
- Ensured accuracy and clarity to expedite the registration process.
05
Stakeholder Engagement
- Conducted workshops to prepare the client's team for LME assessments and audits.
06
Final Registration
- Supported the client during the final evaluation, ensuring that all operational, and quality benchmarks were met.
- Achieved successful registration within the anticipated timeline
Recent Ongoing Consulting Projects on LME:
LME related consulting projects are underway with Top 2 Leading Metal Companies of India
June 2024 – Ongoing
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FAQ
Can you support implementation of The Copper Mark and Joint Due Diligence Standards?
Yes. Prisstine Systems provides full consulting support for The Copper Mark, Molybdenum Mark, Nickel Mark and related Joint Due Diligence Standards.
We assist in risk assessment, responsible production assessments, human rights due diligence, supply chain mapping, and audit preparation in line with The Copper Mark assurance process.
What support do you offer for LME Responsible Sourcing compliance?
Prisstine Systems provides full compliance support for London Metal Exchange (LME) Responsible Sourcing, including:
- Red Flag assessment
- Supply chain traceability
- OECD due diligence implementation
- Human rights & environmental risk assessment
- Controls and SOP development
- Evidence preparation for audit
- Independent review readiness
Our solutions prepare companies for LME assurance, RMI/RMAP audit alignment and ASI/Copper Mark synergy.
What does LME Responsible Sourcing compliance involve?
It includes implementing OECD-aligned due diligence, Red Flag identification, responsible sourcing controls, traceability, supplier audits, and independent third-party assurance as required by LME rules.
How does Prisstine Systems help with LME Red Flag Assessment?
We identify location-based, supplier-based, material-based and transaction-based red flags, conduct risk scoring, and develop mitigation measures as per OECD Annex-II requirements.
Do you support LME audit preparation and evidence organisation?
Yes. We help structure and prepare evidence for independent assurance audits including policies, procedures, risk assessments, grievance logs, traceability documentation, and supply chain due diligence files.
Can you integrate LME requirements with ASI, RMAP or Copper Mark frameworks?
Yes. We design integrated due diligence systems that reduce duplication and ensure cross-recognition across LME, ASI, Copper Mark and OECD guidance.
What support do you offer for The Copper Mark assurance process?
We provide gap assessments, responsible production evaluation, human rights risk assessment, supply chain due diligence, metrics tracking and audit readiness aligned with The Copper Mark Criteria.
Do you support Joint Due Diligence (JDD) Standards for copper, molybdenum, nickel?
Yes. We assist with due diligence design, supplier screening, CAHRA mapping, grievance mechanisms, and alignment with Joint Due Diligence requirements across metals.