LBMA 2025 Annual Report Launches

This year, LBMA has demonstrated what leadership looks like in a changing world. Despite a complex global landscape, our focus remains clear: to uphold the integrity of the Loco London market and drive standards that build trust across the global precious metals industry.

We are delighted to share LBMA’s 2025 Annual Report, which contains many highlights from the year, including:

• 100% of Refiners onboarded to GBI
• Accelerated rollout of the Refiner Transparency Roadmap
• Member satisfaction score at 83%
• Renewed collaboration with International Bullion Centres

Our achievements this year underscore how partnership and shared vision can inspire real progress across the industry.

We invite you to download the full Annual Report 2025 to read more on all of our key deliverables.