This year is forecasted to be the second strongest year for industrial platinum demand on record, with a ten percent increase to 2,316 koz, despite the challenging economic conditions.
The forecast is rooted in strong and diversified foundations, which leave it well-insulated from the nearer-term recessionary outlook. While 2021 was a record year for industrial platinum demand due to significant glass manufacturing capacity expansions, 2022 saw a 14 percent reduction in demand to 2,110 koz when compared to the prior year.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
