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7 results for “London Bullion Market Association (LBMA)” in Industry
Industry · 20 August 2026
The Refiner's Ledger
…olytic cells, assay labs and accreditation committees that decides which gold the world's markets will accept without question — and which gold gets quietly refused. · Doré, the raw semi-refined alloy poured at a mine site, must be re-refined and re-assayed before it can circulat…
Tomas Herrera · 17 min read
Industry · 2 July 2026
Nine Nines: Inside a Modern Gold Refinery
…· Good Delivery accreditation governs which bars trade without re-assay in the wholesale market. · Provenance documentation now determines a bar's marketability as much as its fineness. · Recycled scrap is a large and often more profitable feedstock than mined doré, but it deman…
Tomas Herrera · 19 min read
Industry · 7 August 2026
How Fake Gold Is Detected
…gold ±0.01 mm Dimensional tolerance a modern mint holds · Coins are a different problem · Bullion coins are, counter-intuitively, harder to counterfeit convincingly than bars, and the reason is manufacturing tolerance. A sovereign mint strikes to specifications published to a hun…
Tomas Herrera · 16 min read
Industry · 4 August 2026
The Gold Inside Your Phone
Industrial demand is the quietest third of the gold market: a few tenths of a gram per handset, multiplied by billions of devices, chosen not for prestige but because nothing else conducts as reliably for as long. · A modern smartphone contai…
Tomas Herrera · 18 min read
Industry · 6 August 2026
The Scrap Trade
…ill electrolysis for high purity. The output is cast into bars or grain and re-enters the market indistinguishable from any other refined gold. · Should I sell jewellery for scrap or try to sell it intact? Get it valued as a piece before you accept a scrap quote, especially if it…
Ingrid Sørensen · 16 min read
Industry · 28 July 2026
Urban Mining: The Richest Gold Ore on Earth Is in Your Old Phone
…the intervention with the largest untapped effect. · What recycling actually does to the market · Recycled gold occupies a specific structural position: it is the only significant supply source that reacts quickly to price. Mines cannot accelerate; scrap can. When the price move…
Tomas Herrera · 16 min read
Industry · 7 August 2026
After the Cyanide
…closure provisions as a governance red flag rather than a purely environmental one. · The market discipline that actually works Voluntary codes changed practice unevenly. What moved boards faster was insurers and lenders pricing tailings risk explicitly after Brumadinho — because…
Tomas Herrera · 16 min read
