Neuchatel, October 27, 2023

The Swiss Association of Manufacturers and Traders of Precious Metals and Valcambi break up

Following their discussions, it became clear that Valcambi and the Swiss Association of Precious Metal Manufacturers and Traders (ASFCMP) have irreconcilable differences and that continued collaboration is no longer an option. Valcambi therefore resigned from the ASFCMP with immediate effect on 26 October 2023. The governance of the ASFCMP takes note of this decision.

About ASFCMP – Founded in 1978, the Swiss Association of Manufacturers and Traders of Precious Metals (SVPMA) comprises 14 companies that process and trade in precious metals. The Swiss refining industry complies with the guidelines of the London Bullion Market Association as the leading authority in this field and with those of the OECD regarding responsible procurement of materials from conflict or high risk zones. At the federal level, its companies are subject to Money Laundering Law (LBA) and the Precious Metals Control Bureau, which is connected to the Federal Customs Administration.

Media contact
Christophe Lamps, Dynamics Group
E : cla@dynamicsgroup.ch
T.+ 41 79 476 26 87