Demand for non-ferrous metals will rise into H1 2024 as EVs (despite recent demand trends) and renewable energy applications drive growth. Copper spot pricing is up nearly 7% month-on-month through the third week of November. While pricing and demand for crucial precious metals have been declining since May, spot prices have shown increases since October, following the Hamas attack on Israel. Gold spot pricing climbed by 8% through October, while silver has struggled to achieve significant upward price momentum. For electronic component buyers, it is important to understand the contracted pricing of metal input costs to component manufacturers, with most of 2024 perhaps already negotiated.