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Stock impact report

Ruthenium prices hit record high as AI boom squeezes supply [Yahoo! Finance]

JOHNSON MATTHEY S/ADR (JMPLY) 
NASDAQ:AMEX Investor Relations: matthey.com/investor
Company Research Source: Yahoo! Finance
By Anushree Mukherjee March 16 (Reuters) - Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged ?to an all-time high as supply constraints and ?growing demand linked to artificial intelligence tighten the market, analysts ?and producers said. Used in electronics, semiconductors, and chemical processing, ruthenium is seeing rising demand from AI-driven data storage and cloud computing. Expansion in data centre capacity is ?lifting hard disk ?drive production, where the metal is used in magnetic layers. * Ruthenium prices were around $1,750 ?per ounce on March 13,according to data from LSEG, citing Johnson Matthey's benchmarkprices, up from $560 per ounce ?a year ?earlier. * "The fact that it's ?establishing itself as a 'preciousproxy ?for the AI buildout', investors have likely also expandedpositioning," said Nicky Shiels, Head of Research & MetalsStrategy at MKS PAMP. * Wilma Swarts, director of PGMs at Metals Focus, predicts adeficit of 203,000 ounces in 20 Show less Read more
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