Spotlight on New Members: IGR Metals Trading DMCC

Shelly Ford

By Shelly Ford
Alchemist Editor and Digital Content Manager, LBMA

IGR Metals Trading DMCC has joined LBMA as an Affiliate Member

What were the reasons for you wanting to join LBMA and what do you see as the key benefits of Good Delivery List accreditation?

IGR Metals Trading DMCC has been engaged in the precious metals market for 10 years now, with its founders having even more extensive experience. We hold perspectives and insights on industry matters, extending beyond our niche. Whether it pertains to supply chain dynamics, ESG considerations or gender equality, we aim to actively contribute to discussions and shape the trajectory of our industry.

Tell us about your company’s role in the precious metals market?

Based in Dubai, our company operates alongside our primary shareholder’s refinery situated in Istanbul. Recently, we’ve expanded our operations by establishing the IGR AuSom refinery in Ahmadabad, India, through a joint venture. This setup strategically situates us within key physical trading hubs. As an Affiliate Member of LBMA, we adhere to its standards, ensuring their widespread adoption in the markets where we are actively engaged.

What’s the background and history of the company?

Established in 2011, IGR Metals Trading DMCC emerged as a prominent player in the precious metals market. Founded by individuals with extensive experience in the industry, the company quickly gained recognition for its expertise and reliability.

Since its inception, IGR Metals Trading DMCC has maintained a steadfast commitment to excellence, leveraging its deep understanding of market dynamics and a network of global partnerships to facilitate seamless trading operations.

With a focus on integrity and transparency, the company has built enduring relationships with clients, suppliers and stakeholders, solidifying its position as a trusted name in the industry.

One notable milestone in the company’s journey is the establishment of the IGR AuSom refinery. IGR aims to elevate the refinery to a leading position in the region by implementing best-in-class refining practices and ensuring a stable supply of metal.

As IGR Metals Trading DMCC continues to chart its course in the global precious metals market, it remains guided by its core values of integrity, professionalism, and customer-centricity. With a strong foundation built on experience, expertise, and innovation, the company is poised to seize opportunities and overcome challenges, further cementing its position as a leading player in the industry.

Anna Dinzler (General Manager) and Erman Donmez (Managing Partner)

What factors do you expect to impact your business in the short to long term?

In recent years, we have experienced a series of entirely unforeseeable events, including lockdowns, extreme weather conditions, governmental restrictions on gold trading, and shifts in free trade agreements.

We recognise that legislative updates and governmental actions will continue to be significant factors affecting our business. However, we acknowledge that the world has become less logical and predictable. Therefore, we remain adaptable to any changes that may arise.

What are your future plans for the business?

This year, our primary focus lies in the development of the IGR AuSom refinery in Ahmedabad. Our goal is to ensure a consistent supply of metal to this facility, while
implementing the best refining practices to establish it as a leading refinery in the region.

Shelly Ford

By Shelly Ford
Alchemist Editor and Digital Content Manager, LBMA

Shelly supports the Head of Communications to create and develop content across digital channels that engages the LBMA’s key stakeholders and supports the organisation’s vision and objectives. She brings a wealth of content creation, strategy, and campaign experience from previous roles in the professional and financial service industries, as well as Lloyd’s of London insurance market and publishing houses.