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LME to stop holding price-setting PGM auctions for the LBMA next year
The London Metal Exchange (LME) will stop administering auctions that set platinum and palladium prices for the London Bullion Market Association next year so it can focus on its core base metals market, the exchange said on Thursday. The exchange, the world's oldest and largest market for industrial metals, said the LME would stop the auctions in platinum group metals around the middle of 2026. "Given our strong growth profile and ambitious market development plans in our base metals markets, the PGM auctions no longer represent a core activity for us," said Jamie Turner, LME head of trading. “LBMA would like to ... (full story)
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- Nov 20, 2025 1:58pm Posted byMetals Industry180
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