New Addition to LBMA's Silver Good Delivery List
Wed May 08 2024
The silver refinery of Shenzhen Cuilu Gold Refinery Co., Ltd. has been added to LBMA’s Good Delivery List for silver with effect from Wednesday, 8 May 2024.
Shenzhen Cuilu Gold Refinery Co., Ltd has satisfied LBMA regarding its ownership, history, production capability, and financial standing. It has also passed LBMA’s exhaustive testing procedures, under which its silver bars were examined and assayed by independent referees, and its own assaying capabilities were tested.
Shenzhen Cuilu Gold Refinery Co., Ltd is located in Shenzhen City, China. Shenzhen Cuilu Gold Refinery Co., Ltd was registered in July 2007 as a wholly owned subsidiary of Shenzhen Cuilu Gold Co., Ltd. It mainly engages in the recycling and refining of precious metals such as gold, silver, platinum and palladium, etc.
Background
The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by LBMA, by whom it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market. The List now includes 66 gold and 80 silver refiners.
About the London Bullion Market Association
LBMA is the world’s independent authority for precious metals and standards setter that upholds trust in the precious metals market. Our mission is to ensure the highest levels of leadership, integrity and transparency for the global precious metals industry by setting standards and developing market services. LBMA standards cover the purity, form and provenance of the metal, as well as business conduct. LBMA’s membership incorporates approximately 150 firms, including traders, refiners, producers, and fabricators, as well as those providing storage and secure carrier services.
Source: https://www.lbma.org.uk/