This market tracks PGM Matte production at the facility level.

Facility: Nornickel operations in Russia

Basket type: PGM Matte (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): 3,000,000 ozt

Data source: Official company production disclosures and quarterly reports

Resolution Criteria

Resolve YES iff: Latest Delayed (2m) Trailing (12m) result for nornickel_norilsk_talnakh_pgm_matte_ttm_ozt as of March 1, 2027 is ≥ 3,000,000 ozt.

If PGM Matte production ≥ 3,000,000 ozt, resolve YES. Otherwise NO.