Home » Market News » DirectorsTalk Highlights » The diesel emissions scandal helped make palladium more valuable than gold
Jubilee Metals Group Plc

The diesel emissions scandal helped make palladium more valuable than gold

Palladium prices have never known such glittering heights. The silvery-white precious metal is now $1,351.40 an ounce: more expensive than gold ($1,283.75 an ounce) or platinum ($792.30 an ounce), and just a little cheaper than iridium ($1,460 an ounce) and rhodium ($2,460). As Bloomberg reports, palladium has surged around 50% in the past four months. A decade ago, it cost less than $200 an ounce.

About 80 percent of all palladium winds up in the exhaust systems of cars, it helps to turn nasty pollutants into more benign water vapour and carbon dioxide. (The metal has also occasionally been used for jewellery, particularly during World War II, where a scarcity of platinum led it to be used in wedding bands.)

 

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.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

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