LPPM GOOD DELIVERY PLATINUM AND PALLADIUM UPDATE
Due to the events taking place in Ukraine, the Management Committee of the LPPM has reviewed its Good Delivery lists. It has decided, with immediate effect, to suspend the following government-owned Russian Refiners from the LPPM’s Platinum and Palladium Good Delivery and Sponge Accreditation lists:
Joint Stock Company, The Gulidov Krasnoyarsk Non-Ferrous Metals Plant “Krastsvetmet”
Joint Stock Company, Prioksky Plant of Non-Ferrous Metals "PZCM"
These two refiners will no longer be accepted for LPPM Good Delivery into the London/Zurich Bullion market until further notice.
Following the suspension and a transfer to the Former Lists, the bars that the Refiners produced whilst on the Lists will still be considered Good Delivery.
Bars and sponges produced after the 8th of April 2022 will no longer be regarded as Good Delivery or Sponge Accredited. It will be the responsibility of the receiver to prove whether these bars or sponges were manufactured before this date.
Management Committee, LPPM