Monday-Thursday 8:30AM – 4PM CST
Friday 8:30AM – 1PM CST
Menu
Monday-Thursday 8:30AM – 4PM CST
Friday 8:30AM – 1PM CST
Johnson Matthey Refinery is a multinational company that specializes in sustainable technology and chemicals. The company’s headquarters is located in London, England, and is listed on the London Stock Exchange. Additionally, the company’s shares are included on the FTSE 100 Index.
The company was founded around 1817 by Percival Norton Johnson. He established an assayer firm for gold in London. George Matthey joined Norton in his company in 1851. In the following year, the company was renamed, Johnson & Matthey. In 1852, the business was appointed as an official refiner and assayer of the Bank of England.
Johnson & Matthey soon opened branch offices within Birmingham and Sheffield to allow the business to make and distribute silverware, jewelry, and cutlery. Additionally, the company deals in raw materials and additional supplies, such as silver solder and flux. In 1874, Johnson and Matthey mint was contracted to create the kilogram reference standard, which was composed of 90 percent platinum and 10 percent Iridium.
From 1957 onwards, the Johnson & Matthey mint published a journal titled Platinum Metals Review. The company established a subsidiary called Johnson Matthey Bankers in the 1960s before becoming part of the London Gold Fixing. Then, at the beginning of the 80s, it expanded its business beyond its bullion business. The bank began offering high-risk loans.
The assets of the bank nearly tripled between 1980 and 1984. The majority of the borrowers were loyal clients who comprised Mahmoud Sipra and his firm El Saeed group. Other clients with a prominent relationship with Johnson and Matthey include Rajendra Sethia, Abdul Shamji, and ESAL commodities.
However, the quality of loans that the company made proved to be less than what was expected. For instance, £21 million was loaned by the company to Abdul Shamji, the owner of Gomba Holdings. As a result, the number of loans the company first made was more significant than the amount of capital that the bank had. This resulted in the imprisonment of Shamji over 15 months after not disclosing his assets.
Johnson & Matthey, alongside JMB, were members of the London Gold Fixing. The fixing caused the Bank of England officials to worry about the bank becoming insolvent. This could undermine the confidence of investors in the other bullion markets and the British banks. To prevent crises in the banking sector, officials from the Bank of England created an idea to save the mint on September 30, 1984.
Johnson & Matthey acquired Argillon, the business that specialized in manufacturing catalysts, in 2008, for EUR214 million. In October 2010, the company bought InterCAT company, which specializes in supplying catalytic cracking additives for the refinery sector in exchange for $56.2 million.
Additionally, in 2010 Johnson & Matthey opened a new £34 million emission control catalyst manufacturing plant in Skopje situated inside North Macedonia. The plant manufactured catalysts for light and heavy-duty vehicles. The mint was one of the initial FTSE 100 listed companies to create an integrated report for their business. It was also awarded the Best Annual Report in FTSE 100 listed businesses.
In 2012, the business was awarded the Transparency of Governance Award. This was presented to honor the ability of the company to bridge sustainable business and environmental conservation. The company was also nominated for The Business and Community Responsibility award for sustainability in the 2017 program.
On March 5, 2015, Asahi Holdings in Tokyo, Japan, announced that it had finalized the acquisition process for its Johnson & Matthey silver refining business. The deal includes complete control of the Johnson Matthey refinery Utah. In addition, Asahi also re-established ownership of the mint located in Ontario and the investment services provided via its St. Catherines affiliate in Canada.
Around 340 employees are currently employed in the mint. The refineries within Salt Lake City, USA, and Brampton, Canada, will now operate together under the name of Asahi Refining. In addition, Johnson Matthey’s Precision Casting facility is now Niagara Investment Casting. Niagara Investment Casting division of the Asahi Refining Canada Limited.
At the time of acquisition, Johnson & Matthey LBMA London Delivery status had been transferred to gold and silver refinery. Asahi refinery is certified by LBMA, which is accountable for handling gold complaints and London Good Delivery refiners.
Mitsuharu Terayama, the chairman and CEO of Asahi Holdings, stated that the company was humbled to have acquired an institution with an extensive history and rich tradition. The Johnson & Matthey mint is recognized for its high-end products, precision, and experience. Therefore, the management believed that combining Johnson & Matthey and Asahi would allow global expansion and technological advancement. In addition, this merger can help the mint establish and maintain stable relationships with international partners.
Asahi purchased Johnson Matthey’s Gold and refining of silver business for around 118 million pounds cash. Johnson Matthey is the biggest producer of auto-catalysts. For instance, the silver and gold refining unit accounted for 44 million pounds from 2020 to March 2021. The company earns a profit for sales of 25% per year.
Robert MacLeod, the CEO of Johnson Matthey, stated that selling the mint was part of a broader strategy that focuses on using the company’s knowledge in chemistry to create the latest technology. The management is convinced that buying the business was a good investment as it would expand the base of revenue.
Silver bars made by the Johnson Matthey Refinery/Asahi Refinery are among the most recognizable worldwide. They are available in various sizes, and they all comply with the IRS requirements for inclusion within the personal IRA account. This company has been operating in precious metals for over 150 years. Through the 20th century, the company opened its first branch in South Africa. Then, a century later, it opened branches all around the world including Japan, Australia, and South Africa.
Johnson Matthey is a prestigious company globally recognized for its achievements in business, environmental, and international trade. The division for precious metals of the firm handles enormous quantities of silver, gold, platinum, and palladium. In addition, the presence of refineries both in the U.S. and in the U.K. allows the company to serve an extensive base of international clients in the fields of recycling, the technology industry, and jewelry.
Johnson Matthey silver bar gives an array of styles and sizes. The majority of bars are simple designs; however, they have unique and attractive attributes. The weight of silver bars ranges from one ounce to 1 kilogram. Each bar is graded to the purity level of .999. The bars are offered in 1 Oz, 10 Oz, and 100 Oz weights. Each bar is marked with the following information:
The company has produced some of the most dependable silver bars globally. In addition to the fine craftsmanship, there are a variety of advantages to buying Johnson Matthey Silver bars. Precious Metals like Silver are considered an efficient way to diversify investment portfolios. Most companies that have shares traded in the stock market change hands. But, since the Johnson Matthey silver bar is a durable item, it can be secured and appreciated over time.
Johnson Matthey Silver bars are a fantastic security investment for your retirement savings account. It’s considered one of the main advantages of owning tangible precious metals. In addition, silver is thought of as a reliable security measure to protect investors from inflation. But, unfortunately, the increasing national debt and the massive printing of the U.S. dollar have weakened its value.
The Johnson Matthey gold bar is a popular and well-known gold bullion bar. The bars are casted by British Conglomerate Johnson Matthey, the most notable being the 1 oz gold bar. The bar is cast in a rectangular form, with the front of the bar sporting its initials “J.M.” inscribed next to the Johnson Massey logo carrying two crossed Hammers.
The complete name for the mint, “Johnson Matthey Assayers & Refiners,” is written under the logo below the purity value “Fine Gold .9999” along with the weight of the bar “1 Ounce Troy” and an unique serial number. The serial numbers are not present on certain bars.
Note that Johnson Matthey no longer produces gold bars. The mint prefers cast gold ingots. Minted bars have flat surfaces because they are created from blank presses cut to specific dimensions. They are constructed from gold-plated sheets.
Johnson Matthey gold bars come in various weights. The majority of gold bars are made by the Canadian refinery and are available in 15 sizes. The sizes include 1/10 Oz, ¼ Oz, ½ Oz, 1 Oz, 2 Oz, 5 Oz, and 10 Oz. The measures in grams include 1 g, 2.5 g, 5 g, 10 g, 100 g, and 500 g bars. The most well-known Johnson Matthey gold bars are the 1 Oz and the 10 oz gold bars. The bars are all of a higher level of purity of .9999.
The mint created Johnson Matthey bullion coins made of gold, palladium, and silver. One of the most recognizable coins in the series is freedom rounds. They also produce silver coins with decorative designs. The silver freedom series was the first to be released and was available in sets of 10 pieces. The coins were designed to symbolize and represent American freedom. The themes featured on the coins include:
The Freedom bullion coins were only minted in silver.
According to the report published in 2017/18, sales at the Johnson Matthey mint grew by 7%. The revenues increased to 17%, and this was due to the price of precious metals. The mint earned an operating profit of £359 million. This includes the £90 million that the company put into significant repairs and restructuring. The company also spent £50 million on legal costs and still accumulated the profits mentioned above.
Asahi Holding / Asahi Refinery bought Johnson Matthey Refinery in 2015.
Johnson Matthey Refinery refines platinum, gold, and silver bullion products.
PGM refineries are refineries that refine platinum and palladium to produce platinum and palladium bullion products.
No, Johnson Matthey Refineries DO NOT produce silver anymore. However, investors and collectors still purchase them through bullion dealers.
| [1] | Wikipedia, “Johnson Matthey,” 8 May 2021. [Online]. Available: https://en.wikipedia.org/wiki/Johnson_Matthey. [Accessed 20 June 2021]. |
| [2] | Asahi Holding, “Johnson Matthey,” 2021. [Online]. Available: https://www.asahirefining.com/news-events/news-2/. [Accessed 20 June 2021]. |
| [3] | S. Antonioli, “Johnson Matthey sells gold and silver refining unit to Japan’s Asahi,” Reuters, 15 December 2014. [Online]. Available: https://www.reuters.com/article/johnson-matthey-ma-asahi-holdings-idUKL3N0TZ2ZW20141215. [Accessed 20 June 2016]. |
| [4] | American Bullion, Inc, “Johnson Matthey Silver Bars,” 2018. [Online]. Available: https://www.americanbullion.com/silver-ira/bullion/johnson-matthey-silver-bar/. [Accessed 20 June 2021]. |
| [5] | Gold IRA Guide, “Johnson Matthey Gold Bar,” 2021. [Online]. Available: https://goldiraguide.org/allowed-in-ira/johnson-matthey-gold-bar/. [Accessed 21 June 2021]. |
| [6] | Johnson Matthey, “Financial Performance Review,” 2018. [Online]. Available: https://matthey.com/-/media/files/investors/reports/annual-report-2018/15-financial-performance-review.pdf?la=en&hash=BE388FB1993D5DECADD1DBCA86225B5B05979E44. [Accessed 21 June 2021]. |
Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.
In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.
These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.
The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.
BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.
Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.
Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.
For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.
Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.
An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.
Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.
An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.
Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.
The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.
To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.
However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.
Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:
If Using A Credit Card You Are Agreeing To The Following Terms:
You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.
You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.
All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.
The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.
You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:
(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,
(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.
You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.
If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:
(a) The amount, if any, that you paid in such transaction or,
(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.
BULLION TRADING LLC has adopted a Privacy Policy that is included in these terms and conditions. Our privacy policy protects your identity and credit card information.
BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.
Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.
Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.
Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.
BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.
You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.
If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.
BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.
Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.
These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.
BOTH BULLION TRADING LLC AND YOU HEREBY WAIVE THEIR RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY DISAGREEMENT OR DISPUTE RESULTING FROM, OR IN CONNECTION WITH THESE TERMS AND CONDITIONS; OR THE TRANSACTIONS UNDER THESE TERMS AND CONDITIONS. Both BULLION TRADING LLC and you also waive any arbitration requirements to which they might be subject.
If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.
You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.
Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.
BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.
A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.
