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therefore for the industry. The bid prices, in turn, affect the offer prices that customers are asked to pay for metal. The market values of the metals, as is the case for all commodities, ultimately affect manufacturing costs. Unlike a futures exchange, an OTC market offers some flexibility and confidentiality of transactions carried out between two entities. Many transactions are speculative; only a fraction of deals are closed via a physical delivery.
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Twice each working day, four LPPM members (banks, producers, refiners, fabricators, manufacturers and distributors) fix the bid prices. The bid price is one at which members of LPPM guarantee that they will buy good delivery metal. The bid prices for the metals are benchmarks for the market and
117:
and a commodity trading association. London has always been a centre for the research in and development of most of the platinum group metals. Trade was established in the early 20th century, typically by existing dealers of gold and silver. The LPPM has been involved in fixing the world market
232:, which is performed since the 17th century. London has been a historically important centre for platinum and palladium. The trading was initiated at the beginning of the 20th century, alongside the longer-established bullion metals.
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In 1973, metal dealers established "London
Platinum and Palladium Quotation"—a forerunner of the fixings. The prices for platinum and palladium were settled twice a day on the spot market.
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In 1979, leading dealers from London and Zurich signed an agreement to standardize the origin and specifications of the metals of the
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507:"The London Platinum and Palladium Market - The Role of the LPPM in the Daily Price Fixings of Platinum and Palladium Prices"
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Trading on the London
Platinum and Palladium Market has a much shorter history than the trading on the
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On 5 May 1987, the London
Platinum and Palladium Market was established with close assistance by the
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In 1989, the quotations of platinum and palladium were expanded to full-fledged fixings.
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Twice per working day, the platinum and palladium fixings are set via telephone calls:
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156: in this section. Unsourced material may be challenged and removed.
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482:"LME to Run Replacement for Platinum to Palladium Fixings"
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Afternoon: Monday to Friday, at 14:00 UTC (15:00 CET).
334:Morning: Monday to Friday, at 9:45 UTC (10:45 CET)
1566:Glasgow International Financial Services District
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118:prices of platinum and palladium since 1989.
298:. Unsourced material may be challenged and
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1922:1973 establishments in the United Kingdom
1912:Organisations based in the City of London
1907:Commodity exchanges in the United Kingdom
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318:Learn how and when to remove this message
216:Learn how and when to remove this message
99:The London Platinum and Palladium Market
875:2020 Withdrawal from the European Union
815:Second Industrial Revolution 1860s–1914
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1899:
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165:"London Platinum and Palladium Market"
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1598:London Platinum and Palladium Market
519:(1). technology.matthey.com: 13–14.
296:adding citations to reliable sources
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154:adding citations to reliable sources
125:
17:London Platinum and Palladium Market
396:Precious Metals Inc (London Branch)
13:
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1927:Organizations established in 1973
1828:Confederation of British Industry
1023:Expansion plans for Milton Keynes
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681:Competition and Markets Authority
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141:needs additional citations for
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451:Minor Metals Trade Association
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1608:Alternative Investment Market
1588:London Interbank Offered Rate
1544:List of UK building societies
590:Economy of the United Kingdom
505:Kendall, Tom (January 2004).
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1823:British Chambers of Commerce
1818:British Bankers' Association
251:Financial Services Authority
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711:Chancellor of the Exchequer
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359:Goldman Sachs International
58:; 51 years ago
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865:2008 bank rescue package
830:1929–39 Great Depression
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609:Employee-owned companies
1038:List of counties by GVA
820:1873–79 Long Depression
785:Agricultural Revolution
750:UK Statistics Authority
415:The Bank of Nova Scotia
405:Standard Chartered Bank
1848:Institute of Directors
1813:Business organisations
1738:Science and technology
1631:International students
1343:Working Time Directive
716:Debt Management Office
512:Platinum Metals Review
410:Tanaka Kikinzoku Kogyo
375:ICBC Standard Bank PLC
1843:Industry trade groups
1603:London Stock Exchange
1593:London Metal Exchange
1360:Trades Union Congress
1053:East London Tech City
897:Cost-of-living crisis
835:1948–52 Marshall Plan
790:Industrial Revolution
446:London Metal Exchange
230:London Bullion Market
1637:Entertainment &
860:Late-2000s recession
855:1992 Black Wednesday
795:Financial Revolution
624:FTSE Fledgling Index
389:Metalor Technologies
384:JP Morgan Chase Bank
372:USA NA London Branch
292:improve this section
150:improve this article
75:United States dollar
35:Commodities exchange
1333:Equal opportunities
938:Economic liberalism
840:1974 Three-Day Week
825:1926 general strike
629:FTSE SmallCap Index
260:Price determination
109:trading centre for
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1748:Telecommunications
913:Economic geography
37:(over-the-counter)
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1065:M4 corridor
1058:London Plan
879:Growth deal
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