LBMA add ‘Shenzhen Yuexin Precious Metals Co., Ltd’ to Silver Good Delivery List
LBMA announcement on 21 January 2025, extract below:
The silver refinery of Shenzhen Yuexin Precious Metals Co., Ltd has been added to LBMA’s Good Delivery List for silver with effect from Tuesday, 21 January 2025.
Shenzhen Yuexin Precious Metals Co., Ltd has satisfied LBMA as to 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 Yuexin Precious Metals Co., Ltd. was founded in October 2011 and is located in Shenzhen City. The company specialises in the recycling, refining, processing, production, and sales of precious metals such as gold, silver, palladium, and platinum. It is one of the well-known precious metal refining and processing manufacturers in China.
The company adopted advanced wet refining technology and equipment and started production in May 2012. The process has a short production cycle, flexible process, high level of automation, stable product quality, and higher than national standards. The annual silver refining capacity is more than 200 tons. The company is committed to creating a benchmark enterprise for raw material product quality standards in the field of precious metals.
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 82 silver refiners.
About the London Bullion Market Association
LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. LBMA undertakes many activities on behalf of its members, including the setting of good delivery and refining standards, the organisation of conferences and other events, and serving as a point of contact for the regulatory authorities.
For further information, please contact gdl@lbma.org.uk.