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Precious metals

The LME is committed to working with the precious metals community to help deliver pricing solutions for the benefit of the whole market.

We are delighted to have been appointed by the London Platinum and Palladium Fixing Company Limited (LPPFCL) as the new home for LBMA Platinum and Palladium Prices. This new solution is delivered via our custom-built electronic platform LMEbullion, and went live on Monday 1 December 2014.

Current member participants in the process are BASF Metals Ltd, Goldman Sachs International, HSBC Bank USA NA, Johnson Matthey plc and Standard Bank plc.

To watch the auction take place, visit the public LMEbullion website at If you haven't visited the site before, you will need to register the first time to create a username and password.

We look forward to continued partnerships with the precious metals community in the future. If you have any questions regarding the LME’s involvement in this area please contact us.

LBMA Platinum Price and LBMA Palladium Price Discovery Process Explained

LBMA Platinum Price and LBMA Palladium Price Discovery Process - Summary of Control Framework

How to view platinum and palladium prices

LME wins bid for provision of London Platinum and Palladium Prices





LBMA Platinum and Palladium Prices Price Discovery Process Schedule 1 


A noble metal, Platinum is one of the rarer elements and as such is a highly valuable commodity. It is used in catalytic convertors, electrodes, dentistry equipment, and of course in jewellery. 

 LBMA Platinum Price


One the the platinum group metals (PGMs), Palladium is a rare metal which has the lowest melting point of the PGMs. It is used in catalytic converters, fuel cells, medicine, groundwater treatment and electronics.

LBMA Palladium Price