LS MnM Selected as Excellent Supplier by London Gold Market Association for 12 Consecutive Years

"Certification for Quality, Manufacturing Process, and ESG Management Audit Institutions"

LS MnM announced on the 2nd that it has been selected as an 'Excellent Gold and Silver Supplier' by the London Bullion Market Association (LBMA).

LS MnM Gold Bar. [Photo by LS MnM]

LS MnM has been designated as an excellent supplier by the LBMA for 12 consecutive years for gold and 9 consecutive years for silver.

The London Bullion Market Association is the world's most authoritative organization for the gold and silver markets, headquartered in London, UK. Every year, it evaluates global precious metal manufacturing companies based on product quality, manufacturing processes, and ESG (Environmental, Social, and Governance) management, and announces outstanding suppliers.

The evaluation criteria include a 'responsible sourcing' category. Only companies that use minerals sourced from regions free of human rights abuses, labor exploitation, and environmental pollution can qualify as excellent suppliers.

To this end, manufacturers conduct audits for 'Responsible Gold Certification' and 'Responsible Silver Certification' through third parties.

Being selected as an excellent supplier provides a favorable position to supply products to various industries and companies.

LS MnM is the only domestic company selected by the LBMA as an excellent gold supplier. LS MnM recovers approximately 40 tons of gold annually from raw materials generated during the copper refining process. This accounts for about 70% of domestically refined gold.

Do Seok-gu, CEO of LS MnM, stated, "We will faithfully implement responsible supply chain management, practice ESG management, and secure customer trust."