LBMA (London Bullion Market Association) is the international trade association for the global OTC (Over the Counter) bullion market for precious metals. The market is physically located in London, but the participants and clients are located worldwide. LBMA works with miners, investors, fabricators, ETFs, refiners, manufacturers, consumers and central banks from around the world. In addition to acting as the voice of the world’s precious metals market, LBMA is the contact point for regulators, investors and clients.