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Jubilee Metals Group Plc

Palladium to build on record peak as market tightens again

Palladium is likely to rise still higher after growing demand from automakers and a gaping supply shortfall pushed prices to record levels above $1,700 an ounce this week, analysts said.

Used in vehicle exhausts to reduce harmful emissions, palladium XPD= has almost doubled in value from a low in August last year as tighter environmental regulation forces carmakers to buy more.

Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, they secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.

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