Palladium surged to a record high on Monday as a sustained supply deficit boosted the investment case for the autocatalyst metal, while gold rose to its strongest in more than two weeks on a lower dollar.
Spot palladium rose to a peak of $1,458/oz, its highest on record, and was up 1.3% at $1,451/oz as of 10.56am GMT.
Autocatalyst manufacturer Johnson Matthey said in a report last week that the deficit in the palladium market will widen dramatically in 2019 as stricter emissions standards increase demand.
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials. Their projects in South Africa include the Hernic Platinum Project, DCM Platinum & Chrome Project and the PlatCro Platinum Project.