LBMA NewsMarch 18, 2026IBA Feedback Statement: LBMA Platinum Price and LBMA Palladium PriceFurther to their consultation on the LBMA platinum and palladium price methodology and auction specifications

LBMA says ICE Benchmark Administration (IBA), the new administrator for the LBMA Platinum Price and LBMA Palladium Price benchmarks, has published its feedback statement following a February 2026 consultation on auction methodology and specifications. IBA will proceed with the transition and implement the final platinum and palladium benchmark methodology/specification as set out in the feedback document, with an expected go-live date of Wednesday, 1 July 2026. Market impact is operational rather than directional: participants should review the final auction rules/specs ahead of 1 July for any changes affecting submission process, timing, eligibility, fallbacks, or reporting. Near-term catalyst is the implementation timeline and any further technical notices from IBA/LBMA as the start date approaches.