Fiat/Peugeot led European Union autos with a 17-month high as Fiat significantly outperformed European Union autos, but this whole space is buoyed by emerging markets demand combined with the model refresh cycle in domestic markets.
Chrysler taking its iconic Jeep brand global with a diesel engine is huge for its already global demand.
All of this plays well for our platinum and palladium shortage trade highlighted earlier. Stillwater Mining Co (SWC, quote) is the largest U.S. player (and at one time was a significant holder of Russia’s Norilsk Nickel until they recently divested) and has been on the move, climbing another 1.20% in today’s session.