Silver Consumption in the Global Automotive Sector to Approach 90 Million Ounces by 2025
This has resulted in another powerful demand center for silver, with projections of nearly 90 million ounces (Moz) of silver absorbed annually in the automotive industry by 2025.Notably, by that time, this will rival silver consumption in the photovoltaic industry, forecasted to be 98 Moz this year, and currently the largest application of global industrial silver demand.
- This has resulted in another powerful demand center for silver, with projections of nearly 90 million ounces (Moz) of silver absorbed annually in the automotive industry by 2025.Notably, by that time, this will rival silver consumption in the photovoltaic industry, forecasted to be 98 Moz this year, and currently the largest application of global industrial silver demand.
- The report examines trends in automotive production, including the evolution of hybrid and battery electric vehicles.
- The report provides an analysis of silver automotive demand in a range of vehicles and the growing importance to silver demand of ancillary automotive services.
- One of its primary missions is to provide the global market with reliable statistics and information on silver.