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Jubilee Metals Group Plc

Platinum Price Update: H1 2019 in Review

Platinum was relatively overlooked for its sister metal palladium in the first half of the year, but the precious metal still managed to gain over 5 percent during H1 2019.

Prices for platinum were mainly weighed down by a lack of demand for diesel-powered vehicles in Europe and China, as the metal is primarily used in catalytic converters for these vehicles.

However, while overall demand for the metal is still down year-to-date, rising palladium prices have prompted some experts to suggest that platinum’s popularity could rise if substitution comes into play.

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.