MMC Norilsk Nickel expects serious supply disruptions in the global platinum group metals market following the recovery of demand in the automotive industry. Company has revised its palladium market deficit forecast for 2022 from 100 thousand ounces to 600 thousand ounces and expects the deficit to increase to 800 thousand ounces in 2023. Platinum group metals are the key contributors to Nornickel's revenue, accounting for 36% of the total revenue in the first half of the year.