PGM prices rise

Prices of platinum group metals and nickel rose in London on Wednesday after the U.K. placed Vladimir Potanin, the chief executive and principal shareholder of Russian mining giant Norilsk Nickel, on its sanctions list. 

Nickel and Palladium both rose around 6% initially in response to the news, before paring gains. By 10:20 AM ET (1420 GMT), palladium futures on the London Metals Exchange were up 4.5%, while Platinum futures were up 0.5%. 

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

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Jubilee Metals Group Plc

More articles like this

Jubilee Metals Group plc

Copper prices rise as Chinese inventories slow

London copper prices rose on Monday, rebounding from a weekly loss, as the piling up of inventories in top consumer China slowed. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.5% to $8,912 a metric ton

Jubilee Metals Group plc

Chinese smelters’ production cut boosts Copper prices

Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut. Benchmark three-month copper on the London Metal Exchange

Jubilee Metals Group plc

Copper prices set to surge 75% in next 2 years

Increased demand for copper, flagging supply, as well as falling dollar strength in the second half of the year paint a constructive outlook for copper prices. For investors looking at both the short-term and long-term potential

Jubilee Metals Group plc

London copper rises as dollar eases

Nonferrous metals prices rose in London on Tuesday, buoyed by a weaker dollar and improving risk sentiment following state-backed buying of Chinese stocks. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.7% to $8,415 per metric ton by 0728 GMT. SHFE copper