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Jubilee Metals Group

Jubilee Metals Group Perfectly Positioned as Palladium Nears Record

Palladium prices have climbed near to a record high as the U.S. announced plans to pull out of the nuclear weapons pact with Russia, fueling tensions with one of the largest producers at a time when consumers are already scrambling for supplies.

Production will trail consumption by 481,000 ounces this year and deficits will persist through 2020, leading to the “tightest” market in two decades, Citigroup Inc. analysts including Max Layton said in a note in late September. The tightness in supply has created a lucrative business of lending the metal, spurring withdrawals from exchange-traded funds.

Jubilee Metals Group CEO Leon Coetzer after reading the article told DirectorsTalk, “Its an interesting article that supports Jubilee’s Hernic Project where we produce palladium as part of our Precious Group Metals profolio.

Jubilee is perfectly positioned to benefit from the upswing in Palladium prices as it breaks through the USD 1100 per ounce mark. And with our unit cost sitting at just USD 320 per ounce, Jubilee is a great safe bet against rising Palladium prices.”

Jubilee Metals Group Plc (LON:JLP) is a diversified metals recovery company with a focus on reprocessing of historical surface mine waste and materials. The Company has secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right (granted March 2017) to a primary PGM project in the Eastern Bushveld complex.