LPPM

The London Platinum and Palladium Market (LPPM) is a professional trading association that oversees the global over-the-counter (OTC) market for platinum and palladium, two of the rarer and less liquid precious metals. It serves a similar role to the London Bullion Market Association (LBMA), which governs gold and silver trading.

LPPM sets standards for:

• Good Delivery rules for platinum and palladium bars
• Market conduct and transparency
• Authorized refiners and vaulting practices

The LPPM also facilitates the daily fixing of reference prices for both metals and provides a reliable framework for price discovery, settlement, and clearing. Its members include banks, refiners, brokers, and traders operating in the global precious metals market. As platinum and palladium are essential in the automotive, chemical, and electronics industries, the LPPM plays a crucial role in ensuring market efficiency and confidence.