Also known as “little silver”, platinum was discovered by Spanish explorers in South America around 1735. Since then, it has become a premier jewellery metal as well as a vital industrial commodity. Platinum news tends to rapidly drive the price of the metal and investors, as well as speculators, often try to predict its next move.
Platinum is seen as a valuable investment asset, helping to diversify portfolios. The combination of high volatility and strong liquidity makes it popular with traders.
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.