The London Platinum and Palladium Market (LPPM) is a global platform for trading platinum and palladium, two precious metals primarily used in automotive catalytic converters, jewelry, and electronics. Established in 1987, the LPPM sets standards for the trading and refining of these metals, ensuring transparency and efficiency in the market. The LPPM also publishes daily prices for platinum and palladium, which serve as benchmarks for buyers and sellers worldwide. Members of the LPPM include refiners, traders, and financial institutions, all contributing to a robust marketplace that facilitates the buying and selling of these valuable metals.