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ICE Benchmark Administration now manages LBMA Platinum and Palladium Prices.
As of July 1, 2026, the ICE Benchmark Administration (IBA) has taken over the administration of the London Bullion Market Association (LBMA) Platinum and Palladium Prices. This move aims to enhance the transparency and efficiency of the platinum and palladium pricing process. The daily auctions, which set these benchmark prices, now occur twice daily at 9:45 a.m. and 2 p.m. London time, with the platinum auction preceding the palladium auction.
Key points
- IBA's assumption of LBMA Platinum and Palladium Prices administration.
- Implementation of twice-daily auctions for platinum and palladium prices.
Sources
AI-generated from public news sources. Not financial advice.
