What Cut Silver Output in Mexico, Peru and Chile at Once?
Three countries that mine 40.9% of the world's silver each reported output short of plan this month, and not one of the reasons was a response to the silver price.
Three countries that mine 40.9% of the world's silver each reported output short of plan this month, and not one of the reasons was a response to the silver price.
This month Pan American began digging a tunnel down from one of its silver mines toward rock that holds only about one eighth as much silver per tonne.
A single use of silver is on track to consume roughly as much metal each year as Chile pulls out of the ground.
The number that has weighed most on silver this year was set at a US government bond auction in late July, the first since 2008 to pay this much above inflation.
Last October India imported more than 1,500 tonnes of silver, and by May the figure was under 50, for reasons that had nothing to do with demand.
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