Supply and demand fundamentals are in line to drive palladium and rhodium prices even higher, said Peter Hug, global trading director of Kitco Metals.
“I think palladium has got more room to run and it is strictly a supply-demand equation. There is some jawboning that the Russians may be withholding palladium from the market to try to squeeze the market even higher,” Hug told Kitco News. “But as we’ve cautioned over the past two years, we’ve been extremely constructive the palladium price ever since $800.”
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.