Future Minerals Forum Proposes New Global Copper Traceability Standard to Enhance Transparency
The Future Minerals Forum (FMF), organized by Saudi Arabia's Ministry of Industry and Mineral Resources, has initiated a project to develop an international traceability standard for copper. This initiative, now entering the International Organization for Standardization (ISO) approval phase, aims to create a framework for the ethical and sustainable sourcing of copper. The proposed standard seeks to address the lack of a comprehensive global framework for copper supply chains, which are crucial for the energy transition and digital transformation. The FMF's initiative is significant as it involves contributions from various stakeholders, including governments, mining companies, and international organizations, to ensure a consensus-driven approach. The project is part of FMF's broader strategy to transform mineral-producing regions from rule takers to rule shapers, allowing them to influence global standards and practices.