Buy Palladium Ingots – LPPM

(OroyFinanzas.com) – Palladium was isolated as a precious metal less than 200 years ago.

In 1979, the main merchants of London and Zurich reached an agreement to negotiate ingots or palladium plates with a standardized origin and format. The list of refiners that produce these ingots is collected in the “London/Zurich Good Delivery List” of palladium.

In 1987, the palladium trade that had been carried out at that time among recognized merchants (principal to principal basis), was formalized with the creation of the “London Platinum and Palladium Market, LPPM“: www.lppm.com

Lingote Norlisk Niquel Paladio

Since the creation of the LPPM, a refiner who wants to be part of the “London/Zurich Good Delivery List” must submit his/her request to the President or Secretary of LPPM. Before analyzing the production capacity of the refiner, the LPPM will be informed about the financial strength, reputation and production capacity of the refiner.

To be admitted to the “London/Zurch Good Delivery List” The refiner should normally:

Have operated as a refiner for at least five years
Have produced palladium for at least three years
Have an annual production for at least 500 kilograms that meets the “London/Zurich Good Delivery” standard

If the refiner complies with the above conditions he/she will be considered to present his/her ingots or palladium plates, and if they meet the quality requirements he/she will be accepted in the “London/Zurich Good Delivery List“.

The ingots or palladium plates “London/Zurich Good Delivery” must meet the following technical criteria:

Format:
Palladium plate or ingot

Weight:
Minimum Palladium Content: 1 kg (32.151 oz)
Maximum palladium content: 6 kgs (192.904 oz)

Purity:
Minimum 99.95%

Ingot marks:
Specification “PALLADIUM” or letters “PD“, Serial Nº, refiner seal, purity, weight in grams or ounces troy

Appearance:
The bars should be of good appearance, free of cavities, irregularities, contractions, and easy to handle and stack conveniently.