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Jubilee Metals Group Plc

Palladium rally means outlook for platinum industry ‘not as bleak perceived’

“While the outlook for SA’s platinum industry is uncertain, we do not believe it is as bleak as perceived, at least for some producers,” Julius Baer commodity strategist Carsten Menke said.

The price of palladium, used mainly in pollution-control devices in petrol vehicles, has almost tripled over the past three years, including a 42% gain since August. Rhodium, another byproduct of platinum mining that’s used in cars and the chemical sector, has climbed fourfold since July 2016. Smaller quantities of the other platinum-group metals — iridium, ruthenium and osmium — are also extracted from South African mines.

 

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.