PPLT is trading 4.23% down now at $16.43 after the World Platinum Investment Council projected a 265,000-ounce platinum surplus for 2026, reversing its earlier deficit forecast.
- The revision reflects weaker investment demand and substantial ETF outflows, pressuring platinum-linked assets.
- Broader risk-off trading, firm Treasury yields, elevated inflation concerns, and geopolitical uncertainty are adding downside pressure, although the catalyst is primarily platinum-market specific.