Both are substances critical to the auto industry and in short supply compared to most commodities. But one is also the world’s most valuable metal.
The question is: will platinum catch up with the dizzying heights attained by its sister metal palladium?
Morgan Stanley analyst Christopher Nicholson quoted saying that high palladium prices, linked to a market that is projected to remain in deficit until around 2024, may eventually encourage vehicle makers to switch to platinum, which is now largely confined to diesel cars.
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.