Platinum and Palladium – outlook positive
In-line with the dual impact of tight supply and demand growth, palladium saw a strong price rebound in 2018. On the supply-side, South Africa has played a role in supporting price growth – the PGM sector continues to restructure and downsize to remain profitable. As operations have gone deeper and labour costs have risen, it is increasingly difficult for domestic miners to breakeven in spite of relatively high spot prices.
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.