Platinum Group Metals Ltd. shares fall 1.10% premarket as Nornickel reports decreased production of key metals.

Platinum Group Metals Ltd. fell 1.10% in premarket trading. The decrease in production of key metals by Nornickel, the world's largest producer of palladium and a major producer of nickel, platinum, and copper, may have contributed to the decline. Nornickel reported a decrease in output for the first half of 2025 due to a high base effect from the previous period, logistics adjustments, and a decrease in ore output.