September manufacturing PMIs for France, Germany, and the Eurozone were all higher than expected, while the US ISM manufacturing PMI for September recorded 47.2, lower than the expected 47.5.

Economic signals, like inflation rates and shifts in interest rates and currency values, greatly influence the prices of metals such as gold and silver in the market. When inflation goes up and currency values decrease in value, investors often seek out metals as a way to protect their investments against inflation. Likewise, when interest rates are low, assets like gold and silver become more appealing despite not generating any income. The strength of a currency also impacts pricing; for instance, a weaker dollar usually leads to higher prices for metals traded in dollars.eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

In the market scenes, dynamics play a role in setting the prices of gear steel materials used in various industries like the automotive manufacturing sector where an increase in demand triggers a surge in prices as manufacturers seek more gear steel components for vehicle production while oversupply causes by factors like excessive production or economic slumps can lead to price decreases; Additionally, geopolitical conflicts trade regulations and economic expansions within key markets contribute significantly to shaping these trends.

The fluctuation of crude oil prices plays a role in shaping inflation patterns according to experts in the field you are aware of the fact that the variations in these prices can have broad implications for economies across the globe. When crude oil prices go up the expenses related to producing and transporting goods also increase which results in elevated consumer prices. This occurrence significantly fuels inflation impacting a wide range of products including food and manufactured goods.

In the world of electronics manufacturing, tantalum holds a position as an element contributing significantly to the effectiveness and operation of a wide range of devices. Its distinctive characteristics are vital for companies looking to create notch products.

Overnight, LME copper opened at $9,118.5/mt, initially rising to $9,155/mt before fluctuating downward, hitting a low of $9,086/mt at the end of the session, and finally closing at $9,082/mt, a decline of 0.38%.

SMM, November 21: According to customs data, China's aluminum extrusion exports (HS codes 76041010, 76041090, 76042100, 76042910, 76042990) in October 2024 amounted to 88,100 mt, down 6.61% MoM, but up 14.18% YoY.

Overnight, LME lead opened at $2,012/mt.

SMM, November 21: According to the General Administration of Customs of China, in October 2024, China imported 12.289 million mt of bauxite, up 6.4% MoM and up 10.7% YoY.

Yesterday, the spot tin market saw a cooling in trading activity, with trade companies' quotations remaining stable and showing no significant fluctuations.