LBMA tasks IBA to also administer platinum, palladium prices
Independent precious metals authority the London Bullion Market Association (LBMA) has appointed ICE Benchmark Administration (IBA) as the administrator of the LBMA Platinum and Palladium Prices.
LBMA in November last year announced that the London Metal Exchange would cease to administer the LBMA Platinum and Palladium Prices to focus on its core base metals offering.
LBMA had since been in talks with market participants on the best way to proceed.
The IBA has, since 2015 and 2017, respectively, successfully administered LBMA’s Gold and Silver Prices segments. “We see benefits for the precious metals market in housing all four precious metals under one administration and auction process,” says LBMA CEO Ruth Crowell.
IBA president Clive de Ruig says the firm will be working closely with the LBMA and auction participants as it takes responsibility for the Platinum and Palladium Auctions to ensure a smooth transition over to the IBA during the third quarter of the year.
“The IBA has hosted the London Gold and Silver Auctions on behalf of the LBMA for more than a decade, providing market participants with transparent, robust and rigorous processes and reference prices with which to manage their risk and we are delighted that Platinum and Palladium will be joining the auctions conducted daily by the IBA."
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
