Spot platinum down 2.58% and spot palladium down 3.32% at 15:00 Beijing time.

Voronezh region governor Alexander Gusev said on social media on the 22nd that Ukrainian forces fired missiles into the region, killing five. He said Russian air-defence systems detected and destroyed several high-speed aerial targets over Voronezh. A production facility at a local enterprise was damaged; facades and windows of 10 residential buildings were damaged and multiple vehicles destroyed.

Aluminum slid to a three-month low as progress in Middle East peace talks raised expectations of a gradual return of regional supply. The US issued a 60-day license allowing Iran to sell oil on international markets, providing Tehran an economic lifeline while talks on a permanent settlement continue. Aluminum had climbed about 11% YTD after the conflict disrupted local production and exports, but one of the biggest supply shocks in the market’s history has been partly unwound as Persian Gulf smelters rebuilt inventories, including risky shipments through the Strait of Hormuz.