LBMA definition
Examples of LBMA in a sentence
The gold price to be paid by Buyer for each dry Tonne of Concentrate shall be 95% of the full silver content, after first deducting 1 gram per dry Tonne, at a price equal to the average of the daily official London Bullion Market Association (LBMA) AM/PM Fix quotation for gold as published in Fastmarkets quoted in Dollars for the Quotational Period as set out in subsection 6.2.
The silver price to be paid by Buyer for each dry Tonne of Concentrate shall be 95% of the full silver content, after first deducting 50 grams per dry Tonne, at a price equal to the average of the daily official London Bullion Market Association (LBMA) quotation for silver as published in Fastmarkets quoted in Dollars for the Quotational Period as set out in subsection 6.2.