The world’s biggest platinum miners have been handed a lifeline as the introduction of tougher vehicle emissions rules from Asia to Europe stimulates demand.
After a decade in the doldrums, South Africa’s key platinum industry reported windfall profits last month as supply deficits pushed palladium and rhodium to record highs. Recent legislation to curb pollution from gasoline and diesel engines is boosting the use of platinum-group metals in autocatalysts, the biggest PGM consumers. That’s keeping the bonanza going for miners, even as the growth of electric vehicles poses a longer-term threat to demand.
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.