Overview of key data presented in the latest Platinum Quarterly:This transcript incorporates activity in the first quarter of 2026 and provides a revised forecast for full year 2026.    The forecast for a fourth consecutive market deficit in 2026 has deepened modestly to 297 koz (previously 240 koz)    Further depletion of above ground stocks - just under three months’ worth of cover to meet global demand now expected by the end of 2026 at 1,747 koz    Total bar and coin investment demand growth to maintain momentum, rising 27% to 718 koz in full year 2026, propelled by a strong first quarter and growth across all regions    Total platinum demand is expected to reduce 9% year-on-year to 7,674 koz, predominantly because last year’s significant exchange stock and ETF inflows are not expected to reoccur    Strengthening industrial demand, increasing 9% to 2,238 koz, on the resumption of glass capacity expansions, partially offsets lower automotive and jewellery demand (-2% and -12%, respectively)    Total platinum supply to increase by 2% as recycling grows 9%, incentivised by higher prices, while mine supply is projected to be flat