The price of palladium, a precious metal 30 times as rare as gold, has risen by more than 50 percent since August, surpassing the price of gold for the first time since 2001. This week the price of 1 ounce of palladium topped $1,400, while platinum dipped under $800, and gold hovered just above $1,300.
Palladium is in the platinum family of metals, and jewelry connoisseurs know it as an alternative to gold or platinum. Its catalytic properties also make it hugely valuable to the automotive industry.
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.