We listen, we change

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.

“a great course to broaden and challenge existing knowledge and dive into some of the more nuanced points”

“understandable 100% from the perspective of a person for whom English is not the first language”

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?

A hectic LME Week

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.

“This has given me confidence to give recommendations within my company”

“Now I have a clear view on hedging so I can take decisions knowing what I am doing”

“The trainer is very knowledgeable and approachable”

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.

Sourcing Responsibly

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.

A Week of Firsts

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

  • The FIRST Asian time zone course covering the loco London market attracted attendees from Australia, Japan, South Korea and Singapore.
  • There was frisson of excitement at the FIRST in-person course since the pandemic and all enjoyed the ease of face-to-face engagement.
  • The FIRST course covering the LBMA’s responsible sourcing programme sold out prompting the addition of a second session in the afternoon.

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.

Right time, right course

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.

“Enjoyed the interaction between the class room and the virtual team”

“Very good instructor with wide info, flexible and fully aware of the subject area”

This course is next scheduled for 21-23 November and you can secure your place here.

Are there any questions?

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 speech and presentation were very inspiring”

“Great course, it exceeded my expectations”

“No one felt they had to hold back from asking questions”

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.

The show must go on

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.

Why not set aside time in your diary to join the next session on 10th November 2022?

Together or separate?

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?

“The course was exactly what I needed in terms of content and duration.”

“Excellent mix of lecturing and workshop activities, with enough breaks to allow me to follow for a full day”

“Expertly delivered – pitched at an appropriate level and very engaging”

“Understanding was possible at all levels of English”

The next run of the first module is timed to cater for the Asian time zone and will run over two consecutive afternoons (Singapore time) on 26 & 27 September. It is anticipated that the second module will run again towards the end of the year.

Follow this link to secure your place.

Going, going, …. not gone

Attendees on last week’s London Metal Exchange / Euromoney Learning courses were taking bets on whether or not the presenter’s voice would last until the end of the day, let alone until the end of the third day.  Trial and error with various medications quickly established the ones that worked.  At least the virtual delivery protected all participants from contracting the same cold. 

“Excellent course. Could not fault it.”

“Good mix of theory and practice (through examples, quiz, discussion, ….), in an interactive environment. At last, also good fun!”

“I really appreciated being able to ask questions along the way”

With several more attendees with an interest in steel than usual, there were lots of extra discussions comparing the physical market conventions for base metals to those in steel, and contrasting the financial products offered by the exchange to service the respective sectors.
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.

Can you bake muffins?

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”.

“The interactive graphics, examples, drawings, workshops certainly helped to explain the more complex points of the course and also kept the course engaging.”

 “Overall, this was an excellently structured and delivered course.”

 “Easy to understand (even for non-native speakers).”

 “Very satisfied that I took this course and would recommend it to someone else.”

Being a virtual course, of course there were no muffins, or even coffee, supplied during the coffee breaks.  What was clear by the end of the course, was that participants felt ready to try out the “recipes” for loco London and derivatives back at the office.

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 9th and 10th June 2022 respectively.  Follow this link to secure your place.