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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Jubilee Metals Group Plc

More articles like this

Jubilee Metals Group plc

Jubilee Metals reports record chrome production levels

Jubilee Metals Group PLC (LON:JLP), a leading diversified metals processor in Africa with significant operations in South Africa and Zambia, has published its Operational Update and production figures for the quarter ended 31 March 2024 and also provides

Jubilee Metals Group plc

Copper demand surges amid global supply challenges

In the midst of global supply challenges, copper demand remains robust, propelled by the energy transition and advanced technologies such as artificial intelligence (AI). This mounting demand signals a bullish market trend for the versatile metal,

Jubilee Metals Group plc

Copper Demand and Price Surge: A Boon for Jubilee Metals Group plc

Copper prices have surged, trading near a 15-month high. This spike, driven by concerns over supply and optimistic demand forecasts, marks a significant phase in the commodity’s market behavior. Jubilee Metals Group plc (LON:JLP), with its strategic operations

Jubilee Metals Group plc

Copper prices rise as Chinese inventories slow

London copper prices rose on Monday, rebounding from a weekly loss, as the piling up of inventories in top consumer China slowed. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.5% to $8,912 a metric ton

Jubilee Metals Group plc

Chinese smelters’ production cut boosts Copper prices

Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut. Benchmark three-month copper on the London Metal Exchange

Jubilee Metals Group plc

Copper prices set to surge 75% in next 2 years

Increased demand for copper, flagging supply, as well as falling dollar strength in the second half of the year paint a constructive outlook for copper prices. For investors looking at both the short-term and long-term potential