🔴 PL=F is trading 4.87% down today on Johnson Matthey's supply deficit and demand forecast

PL=F is trading at $2080.60 (-4.87%) after dropping from yesterday's close of $2187.10 following a bearish sector-specific outlook.

• Johnson Matthey’s PGM Market Report forecasts a supply deficit for 2026 due to constrained mine shipments from South Africa and Russia.
• Despite the projected deficit, an expected 8% decline in demand is weighing on investor sentiment and driving prices lower.
• Platinum has decoupled from the broader market today, as US indices like the S&P 500 are trading up 0.77%.