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Automotive sector gobbles up silver

In its latest report, the respected Silver Institute examined how much silver the modern automotive industry will gobble up, and it's much

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Cars today require more silver in their production than ever before. By 2025, the amount of silver needed could be as much as 90 million ounces annually. This is because hybrid and electric cars are very silver-intensive to produce. 

Silver in the automotive industry is used because of its exorbitant electrical properties. Areas with silver involvement include, for example, the navigation system, electric power steering, but also airbags, automatic braking and driver warning systems. Silver/copper air filters also function with silver.

Slightly more silver than the automotive industry, the Silver Institute estimates, is going into the photovoltaic industry, about 100 million ounces of silver this year. There is still enough silver for this industry, but this could drive up the price of silver. The fact that the share of silver in photovoltaic systems is declining somewhat will be negligible due to the expected increase in installed systems worldwide.

The Silver Institute predicts an eleven percent increase in global silver demand this year. This is because, in addition to the automotive and photovoltaic sectors, silver is going into industrial demand, jewelry and physical investments.

Among the silver companies there are Endeavour Silver and MAG Silver.

Endeavour Silver - https://www.youtube.com/watch?v=TqOYn67_v0M - posted a net profit of US$1.2 million in 2020. The three producing silver-gold mines in Mexico were responsible. At all three, production increased, and costs decreased. 

MAG Silver - https://www.youtube.com/watch?v=kycnXhwfM68 - can also look forward to a successful fourth quarter in 2020. MAG Silver holds a 44 percent stake in the Juanicipio property in Mexico.

Latest corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
 
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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