SMM Morning Meeting Highlights: Market Recovery Signs with Manufacturing Rebound Boosting Tin Demand

**SMM Morning Meeting Minutes: Market Supply and Demand Show Signs of Recovery; Manufacturing Rebound Supports Tin Demand**

With the manufacturing PMI returning above the 50-point mark in October after a five-month hiatus, both the supply and demand sides of the market have exhibited notable signs of recovery. Against this macro backdrop, tin prices have also witnessed a significant rebound, and the underlying drivers deserve in-depth analysis. From the perspective of supply and demand fundamentals, the rebound in manufacturing has provided solid support for tin demand. As production accelerates and the new orders index rises, tin-related industrial chains such as electronics and electrical industries are also showing signs of vitality...