Johnson Matthey forecasts lower palladium, rhodium deficits, but larger platinum deficit

Chemicals and sustainable technologies provider Johnson Matthey says the palladium and rhodium markets are likely to record smaller deficits this year, while platinum is likely to record a deficit of 600 000 oz on the back of lower primary supplies. It states in its latest yearly ‘PGM Market Report’ that an anticipated recovery in primary and secondary platinum group metal (PGM) production fell short of expectations in 2023.