The London Metal Exchange’s (LME) announced that they will cease to administer the LBMA Platinum Price and LBMA Palladium Price, and the London Bullion Market Association (LBMA) has announced that it intends to appoint ICE Benchmark Administration Limited (IBA) as the administrator of these benchmarks and their related auction processes. The LBMA Platinum Price and the LBMA Palladium Price are the global benchmark prices for unallocated platinum and palladium delivered in London. IBA is authorised and regulated by the UK’s Financial Conduct Authority (FCA) to carry out the Regulated Activity of “administering a ... (full story)