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LBMA Appoints IBA as Administrator for Platinum and Palladium Price Auctions
Release time:
31 Mar,2026
In November, LME and LBMA made the joint announcement that LME will cease to administer the LBMA Platinum and Palladium Prices in order to focus on its core base metals offering. Following this, LBMA has been in talks with market participants on the best way to proceed.
LBMA is pleased to announce that it intends to appoint ICE Benchmark Administration Limited (IBA) as the administrator of the LBMA Platinum and Palladium Prices. IBA is an independent benchmark administrator regulated by the UK Financial Conduct Authority.
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