Platinum was relatively overlooked for its sister metal palladium in the first half of the year, but the precious metal still managed to gain over 5 percent during H1 2019.
Prices for platinum were mainly weighed down by a lack of demand for diesel-powered vehicles in Europe and China, as the metal is primarily used in catalytic converters for these vehicles.
However, while overall demand for the metal is still down year-to-date, rising palladium prices have prompted some experts to suggest that platinum’s popularity could rise if substitution comes into play.
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, they secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.
