PRICING NOTICE: Proposal to discontinue 5 precious metals price assessments
Fastmarkets proposes to discontinue five precious metals price assessments due to the limited liquidity of the markets in question and to focus on its core markets.
The prices to be discontinued are as follows:
Platinum min 99.9% Europe Free Market $ per troy oz in warehouse
Palladium min 99.9% Europe Free Market $ per troy oz in warehouse
Rhodium min 99.9% Europe Free Market $ per troy oz in warehouse
Iridium ingot min 99.9% Europe Free Market $ per troy oz in warehouse
Ruthenium min 99.9% Europe Free Market $ per troy oz in warehouse
After an initial consultation on discontinuing these prices in September 2019 and subsequent extension of that proposal in October 2019, Fastmarkets then confirmed it would continue publishing the prices, but would review them on an ongoing basis. Having since decided to focus on its core markets and having considered these prices in more depth, including the liquidity of the markets, Fastmarkets is once again proposing to discontinue these prices.
The consultation period for this discontinuation will end on one month from the date of this pricing notice, on August 7, 2020, with changes taking place, subject to market feedback, from October 1, 2020.
To provide feedback on this proposal, please contact Cristina Belda by email at: firstname.lastname@example.org. Please add the subject heading ‘FAO: Cristina Belda, re: precious metals.’