June 23, 2020

COVID-19 Latest News

The team bring you the latest update on market impact

Active Communication with Key Stakeholders

As the world faces up the challenges of COVID-19, LBMA is continuing to liaise closely with key stakeholders in the precious metals market including the Benchmark Administrators, LPMCL, LPPM, London Vaults, banks and GDL refiners to support their Business Continuity Plans. Our priority is to ensure that the global OTC market continues to operate efficiently and effectively during this difficult period. So far, we can report that the market has not only remained open for business, but also very active, with record highs recorded for market volume and metal stocks.

Keeping Members and the Market Informed

We are keeping our members and the wider industry informed of the latest developments regarding COVID-19 via our weekly newsletters and webinar programme. Our weekly newsletters feature a range of updates on various aspects of the industry which we complemented in March with the launch of a weekly webinar programme to keep market participants informed about how the market is facing up to the challenges faced by the pandemic. The programme has recently featured perspectives from the logistics companies, GDL refiners and sustainable finance. View all past recordings in our video library.

Communicate through LBMA

If you experience or expect problems, please use LBMA to help communicate those issues to others in the market. If you have any questions please contact mail@lbma.org.uk.

We will, of course, continue to monitor the situation closely and work with the market to deliver smooth service to its clients. We’re thinking of all in our global community at this time and sincerely hope the situation dissipates soon.