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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 currently work with the London Platinum and Palladium Market to administer and distribute LBMA Platinum and LBMA Palladium prices. This solution is delivered via our custom-built electronic auction platform, LMEbullion.

Important LMEbullion Notice: On 27 June 2015 we made important changes to how users access live LBMA Platinum and LBMA Palladium prices

Current LMEbullion member participants are:

  • BASF Metals Ltd
  • Goldman Sachs International
  • HSBC Bank USA NA
  • Johnson Matthey plc
  • ICBC Standard Bank plc

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.

How to access prices

LMEbullion - all you need to know

LBMA Platinum Price and LBMA Palladium Price Discovery Process Explained

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

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