ITA Joins the IRBC Agreement for the Metals Sector
The IRBC Metals Agreement is a multi-stakeholder mechanism for implementing individual and collective due diligence.
SEATTLE (ITRI.CO.UK): ITA is pleased to announce its support for the multi-stakeholder partnership on responsible metals supply chains, the International Responsible Business Conduct Agreement for the Metals Sector (IRBC Metals Agreement). The Agreement is the result of two years of constructive dialogue between the Social and Economic Research Council of the Netherlands (SER) and the Government of the Netherlands; companies in the metals sector; industry associations; trade unions and non-governmental organisations (NGOs).
The IRBC Metals Agreement is a multi-stakeholder mechanism for implementing individual and collective due diligence; and for jointly developing long-term solutions towards tackling social and environmental risks in global metals supply chains. The Agreement implements the EU Conflict Minerals Regulation and builds on the OECD Guidelines for Multinational Enterprises including the OECD Due Diligence Guidance for Responsible Business Conduct, the United Nations Guiding Principles on Business and Human Rights and the UN Sustainable Development Goals.
By supporting this Agreement, ITA will have the opportunity to share its expertise in facilitating global responsible supply chains for tin and enhance recognition of the ITA Code of Conduct as a tool for fulfilling OECD due diligence requirements. In addition, ITA looks forward to working with the Parties and other Supporting Organisations to build closer relationships with the downstream metal supply chain, and to further develop its approach towards the sustainable management of secondary materials and recycling.
The implementation of the IRBC Metals Agreement is committed towards:
- Providing companies with the necessary knowledge, instruments and other resources to be able understand and/or address potential risks in their supply chains (from extraction to recycling)
- Identifying and addressing potential risks linked to the secondary materials (metal scrap) supply chains, and
- Encouraging relevant actors in the metals supply chains (at the national and international level) to adopt and implement the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles for Business and Human Rights.
Courtesy: www. itri.co.uk
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Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.75 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.73 | $US/Lb |
6061 Extrusions | 0.64 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |