LME to Stop Conducting Platinum, Palladium Auctions in 2026
The global market for precious metals is at a major inflection point as the institutional frameworks underpinning its operations are undergoing fundamental restructuring. The discovery mechanisms for benchmark prices are undergoing a transformation as a result of technological advancement, strategic realignment within the system and heightened regulatory oversight. The most notable change is that the London Metal Exchange is phasing out its participation in conducting auctions for palladium and platinum next year. This is an important transition because the move has a lot of implications on trading floors, the management of investment portfolios, technology manufacturing and the auto industry, among…