Palladium marked its seventh year in a supply deficit in 2018 thanks to strong vehicle sales over the past decade. The price of palladium was up 18 percent last year, outperforming platinum and even gold to become the highest trading precious metal, a spot it hadn’t held in 16 years. Both an increase in demand and a looming supply deficit were largely behind palladium’s gains in 2018.
The bullish market for the metal has continued in 2019, underpinned by growth in demand from the automotive sector alongside a continued supply deficit. The auto industry accounts for around 80 percent of total palladium demand.
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials.