Live Updates > Live Update Details
2025-10-20 02:55:06
my country's silver reserves rank among the top five globally, accounting for approximately 11% of the world's total. my country boasts over 1,500 silver mines, including the Shuangjianzishan silver-lead mine in Balinzuoqi, Chifeng City, Inner Mongolia, discovered in 2018. The World Silver Institute has recognized it as the largest silver mine in Asia and the fifth largest in the world. However, my country's silver mines are poorly endowed, with low levels of useful substances in the ore. Currently, my country's silver supply primarily comes from mining and recycling. In 2024, mine production in my country was projected to reach 3,426 tons, with recycling reaching 1,233 tons. With the continued growth of silver applications, domestic resources are no longer sufficient to meet demand, necessitating imports of silver ore and other concentrates. In my country, industrial demand is a more pronounced driver of silver consumption. In 2024, my country's total silver consumption will reach 9,428 tons, with industrial demand reaching 8,567 tons. The electrical and electronics sector will account for a significant portion, with demand reaching 6,577 tons. Silver prices have seen a significant rise this year. On October 17, the price of silver on the New York Mercantile Exchange (COMEX) hit $53.765 per ounce, a cumulative increase of over 70% from its peak of $29.985 on January 2. (CCTV)
