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The LBMA, or London Bullion Market Association, is the international trade association that sets standards for the global wholesale market of precious metals. Its primary purpose is to promote good trading practices that help ensure a high level of integrity, trust, and transparency within the international precious metals industry. The LBMA works with miners, investors, fabricators, ETFs, refiners, manufacturers, consumers, and central banks from around the world. The LBMA sets standards for the production, refining, and trading of precious metals, especially gold and silver. It maintains the gold and silver Good Delivery Lists, which outline strict standards and specifications for gold and silver bars. Refineries listed on Good Delivery Lists are recognized for meeting quality, purity, and integrity criteria set by the LBMA and are eligible to produce and ship bullion into London. The LBMA also sets the standards for bullion, including the "Good Delivery List" that specifies requirements for gold and silver bars, ensuring they meet purity and appearance standards. The LBMA offers membership to firms from across the end-to-end supply chain, from mining, refining, transportation, trading, and investment, as well as the many businesses that support the operation of that supply chain. Membership benefits include access to specialist knowledge, resources, and advice, as well as the opportunity to attend networking events and shape the future direction of the precious metals market. The LBMA also provides training and education programs for its members, including the Vault Operator Training e-platform and the An Introduction to Loco London virtual training course.