Global silver mine production drops for first time in 14 years

摘要

Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead-zinc and gold sectors. Coupled with less silver scrap supply to the market, which posted its lowest level since 1996, as well as a contraction in producer hedging, total silver supply decreased 32.6 million oz. in 2016. New highs were recorded for silver's use in the photovoltaic and ethylene oxide sectors, both growing and significant industrial applications for silver.