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Jubilee Metals Group Plc

Palladium hits record peak on China impetus

Palladium scaled a fresh all-time high on Wednesday after a Chinese official said the government was contemplating policies to increase domestic buying of automobiles, while gold was propped up by a falling dollar.

Palladium went up 0.49 percent to $1,322,50 an ounce at 1:55 p.m. ET, having touched a record high of $1,342.43 earlier in the session. The metal is likely to draw strength from a Chinese plan to introduce policies to boost domestic spending on items such as autos and home appliances this year.

 

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.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.