{
 "pt_sa_share": 70,
 "pd_ru_share": 41,
 "reserves_sa": {
  "low": 70,
  "central": 90,
  "high": 91
 },
 "split": {
  "platinum": 38,
  "palladium": 39,
  "rhodium": 8,
  "other (Ru/Ir/Os)": 15
 },
 "autocat": {
  "low": 60,
  "central": 68,
  "high": 80
 },
 "recycle": {
  "low": 22,
  "central": 27,
  "high": 30
 },
 "rh_peak_usd": 29800,
 "steps": [
  {
   "label": "One geological basket (South Africa + Russia)",
   "tonnes": 100,
   "lo": 100,
   "hi": 100,
   "note": "South Africa ~70% of platinum, Russia ~41% of palladium — 90% of reserves in one complex"
  },
  {
   "label": "Split by the ore, not by demand",
   "tonnes": 85,
   "lo": 78,
   "hi": 92,
   "note": "Pt 38% · Pd 39% · Rh 8% — a ratio geology fixes"
  },
  {
   "label": "Into autocatalysts",
   "tonnes": 68,
   "lo": 60,
   "hi": 80,
   "note": "~68% of demand cleans vehicle exhaust — plus hydrogen, jewellery"
  },
  {
   "label": "Recovered from spent catalysts",
   "tonnes": 27,
   "lo": 22,
   "hi": 30,
   "note": "~27% of supply is recycled — the one lever that adds metal without new geology"
  }
 ]
}