This market tracks PGM 2E production at the facility level.
Facility: Impala Platinum operations in Canada
Basket type: PGM 2E (contains platinum, palladium, rhodium, and other PGMs)
Coverage period: Trailing 12 months (TTM) ending 2026-12-31
Settlement delay: 2 months (observation date = March 1, 2027)
Baseline (2026): 280,000 ozt
Data source: Official company production disclosures and quarterly reports
Resolution Criteria
Resolve YES iff: Latest Delayed (2m) Trailing (12m) result for implats_canada_lac_des_iles_pgm_2e_ttm_ozt as of March 1, 2027 is ≥ 280,000 ozt.
If PGM 2E production ≥ 280,000 ozt, resolve YES. Otherwise NO.
1,000The closure plan with a specific 2026 shut-down date plus weak palladium fundamentals point strongly toward no material Canadian PGM 2E output in 2027; I’d be inclined to be short relative to the mid-40s market pricing unless the contract defines “production” in an unusually generous way.