Given its use in semiconductors, palladium has seen increased demand that correlates with heightened demand for chips, especially in Asia, where it has surpassed gold.
Supply chain issues have been racking Asia, but manufacturers of computer chips are back in business, even with the latest COVID-19 variant, Omicron, lurking in the shadows. This caused palladium to outpace gold during Tuesday’s trading session, and more strength could be ahead.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.