Last week’s London Bullion Market Association (“LBMA”) training courses incorporated changes in response to feedback received about prior courses. In particular, the pace and depth of topic treatment in the follow-on course “How to use loco London” was stepped up to push further beyond the level of “Introduction to loco London”. The positive reaction from the attendees means these changes will be made permanent for future courses.

Classroom and virtual dates for 2023 are available for booking via links on our Upcoming Courses page. Why not make 2023 the year you invest in increasing your knowledge of bullion markets?

LME Week is always hectic and it certainly was at the London Metal Exchange / Euromoney Learning courses.  The first in-person courses since the onset of the pandemic sold-out and parallel sessions were added to accommodate extra registrations.  There was a sense of delight at being back in a room together, and lots of interesting side discussions took place in the breaks.

The final course for the year will take place virtually in New York hours on 6-8 December.  The 2023 course schedule is being finalised and will offer a mixture of classroom and virtual sessions across locations.  Check out Upcoming Courses for the latest details.

Last week saw the launch of the London Bullion Market Association’s (LBMA) latest course – An Introduction to LBMA Responsible Sourcing.

Registrations flooded in from the moment the course date went live, and demand led to a virtual session being held in the afternoon for those who could not attend the in-person morning course.

Attendees from across the supply chain were joined by exchanges, regulators, vault providers, physical traders and research agencies.  Group discussions benefitted from Good Delivery Refiners sharing their practical insights from implementing the LBMA programme and lessons learned from other industries such as cocoa and fast-food chains.

“An excellent course on responsible sourcing”

“A good format with a mixture of presentation/audience questions/group exercises.”

“Good technical content. Super networking opportunity and enthusiastic participants.”

“I left with very detailed knowledge and resonating content.”

Dates for future courses are being finalized and will be available for booking via Upcoming Courses soon.

Last week saw a series of exciting firsts for the London Bullion Market Association (“LBMA”) training courses.

The next loco London courses will take place on 17 & 18 November, and a date for responsible sourcing will be finalised shortly.  Follow this link to secure your place.

Last week saw the return of Euromoney Learning’s Commodity Derivatives course after a two-year hiatus.  The marked increase in commodity price volatility due to Covid, supply chain disruptions and the Ukraine-Russia situation makes this a timely topic to revisit.

The course has been redesigned to combine the best aspects of classroom and virtual delivery.  Last week, half the attendees were in classroom and the remainder joined remotely.  The hybrid delivery had the advantage of one attendee being able to continue to attend the course virtually when too unwell to be there in person.

This week’s London Metal Exchange / Euromoney Learning courses were attended by a range of participants from all parts of the supply chain and with varying degrees of existing knowledge of the LME.  The courses assume no prior knowledge and seek to build confidence in those new to the market, as well as challenging and extending the range of the more experienced participants.

There certainly was no shortage of questions throughout.  One advantage of virtual delivery is that a shy, less confident attendee can pass questions directly to the trainer via a private chat, so their queries do not get drowned out by the more dominant participants.

The next courses will take place during LME Week (25-27 October) and will see a welcome return to the classroom.  Virtual courses are scheduled to coincide with the business day in Europe, the US, Asia and the Middle East.  Check out Upcoming Courses to find a date and time zone that works for you.

Thank goodness for virtual delivery.  Last week’s London Metal Exchange’s “Introduction to Cash-settled Futures” was able to go ahead despite the trainer testing positive for Covid.  This 3-hour course is specifically designed for those keen to learn more about the cash-settled contracts offered by the LME, but it also an excellent brief introduction for anyone interested in learning how to apply futures contracts to manage metal price risk.

 

The LBMA’s introductory courses on the loco London market are designed as two independent modules, which can be taken consecutively or independently. Last week’s courses saw over half of the attendees on the first module continue straight to the second module. The remaining attendees on the “How to use loco London” course had all previously attended the “Introduction to loco London”. It was wonderful to see so many returning for more training. It is a clear indication that the courses are fulfilling a need.

It is absolutely not a prerequisite to complete the first module in order to join the second. So, what suits you best? A two-day deep dive, or one day followed by a refresher and more advanced material a few months later?

Follow this link to secure your place.

Last week’s London Bullion Market Association (“LBMA”) training course did not turn into the Great British Bake Off, but one participant said that explanations on the course made understanding the loco London market and applying derivatives “as easy as following a muffin recipe”.

If you would like to improve your skills, “An Introduction to Loco London” and “How to Use Loco London” are next scheduled to run on 9^th and 10^th June 2022 respectively.  Follow this link to secure your place.