LPPM Membership
About
The London Platinum and Palladium Market oversees the London Good Delivery Lists, Responsible Sourcing, and Sponge Accreditation for platinum and palladium.
Joining the LPPM can offer several benefits for market participants.
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Sponge Accreditation Rules
Sponge Accreditation Lists
Sponge Accreditation
Due to requests from Good Delivery (GD) refiners the LPPM has introduced Platinum, Palladium and Rhodium Sponge Accreditation lists to run alongside the current GD bar lists. All refiners currently on the GD bar lists will be entitled to be added to the Sponge Accreditation lists if they so wish.
Refiners not currently on the GD bar lists can apply for sponge accreditation only. The process for sponge accreditation is similar to the full GD bar application process.
Good Delivery
Good Delivery Lists
To facilitate trading among members, a list of acceptable Refiners is maintained by the London Platinum and Palladium Market (LPPM). This is known as The London/Zurich Good Delivery List.
This list of Good Delivery refiners of platinum and palladium plates and ingots has been developed and is maintained by the LPPM in order to facilitate the international distribution and acceptability of standard plates and ingots produced by those refiners.
Responsible Sourcing
Intended to assure investors and consumers that all LPPM Good Delivery metal is conflict-free due to compliance with an audited, conflict-free process.
Pt & Pd Prices and Value Dates
The Platinum and Palladium Fixes refer to benchmark pricing mechanisms for platinum and palladium.
These fixes are used in the precious metals markets to establish a reference price for these metals.
News and announcements from the LPPM
27 May 2020
Metals Focus and the London Platinum and Palladium Market were delighted to participate in a joint Webinar on Wednesday, 20th May.
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18 June 2019
Unusually for Platinum week, it was a barmy and dry May evening when the LPPM Chairman & Board members welcomed members to the annual Platinum Dinner
14 March 2019
The LPPM Responsible Sourcing Programme is mandatory from 1st January 2020.
Tags: responsible-sourcing
31 January 2019
All LPPM Platinum and Palladium Good Delivery (GD) refiners will be required to conform to the LPPM Responsible Sourcing Guidance requirements
03 December 2018
The LPPM is aware the European Commission is looking into the UK’s policy not to charge VAT on certain commodity derivatives.