| The London Metal Exchange will administer the digital price-setting mechanism for palladium and platinum, months after a failed bid to run the replacement for the daily silver benchmark.
The LME will take over management of the price “fixes” for the two metals from the start of December, putting the process on to a new electronic platform called LMEbullion. The “fixes” used by miners, central banks, jewellers and the financial industry to trade precious metals and price derivative contracts have lost lustre in recent years due to concerns about transparency and vulnerability to manipulation...............................................Full Article: Source
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