Resolves YES if the World Platinum Investment Council (WPIC) reports a platinum supply deficit greater than 26 metric tonnes for the year 2025 in their 'Platinum Quarterly' report, typically published in early 2026. The WPIC's current forecast for 2025 estimates a deficit of 26 mt, with demand projected to decrease by 5% to 244 mt and supply expected to decline by 4% to 218 mt. This threshold is significant as it reflects ongoing supply constraints and demand dynamics, which could influence market prices and substitution trends between platinum and palladium. The outcome hinges on factors such as mining output, recycling rates, and investment demand fluctuations.

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