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At present, due to the decreasing global minerals, the overall weakness of the alloy and electronics industry, and the chemical industry entering a period of industry recession, the commodity silver is in an embarrassing
situation.
However, Krebs, chairman of the World Silver Association and chairman and CEO of Kohl Mining, believes that China's solar photovoltaic industry is thriving, and China's photovoltaic industry will become a major source of silver demand in the future, which will provide support
for silver prices.
One of the most important end products of silver is solar photovoltaic products
.
Silver is a major accessory for solar panels, which contain approximately 15 to 20 grams of silver
per panel.
Krebs pointed out that the electricity generated by photovoltaic cells is very reliable
.
As an efficient clean energy source and can be regenerative indefinitely, the photovoltaic industry is supported
by governments in many countries.
Krebs revealed: "10 years ago, when it came to solar PV panels, there was less than 1 million ounces of silver per year; Up to 65 million ounces
this year.
This year, the world is expected to add 40~50GW of photovoltaic power, and each megawatt of new photovoltaic power requires 2.
8 million ounces of silver to supply solar panels
.
In addition, markets such as the United States, India, and Europe are likely to further push the demand for silver for photovoltaic power to an average of 300 million ounces
per year.
At present, due to the decreasing global minerals, the overall weakness of the alloy and electronics industry, and the chemical industry entering a period of industry recession, the commodity silver is in an embarrassing
situation.
However, Krebs, chairman of the World Silver Association and chairman and CEO of Kohl Mining, believes that China's solar photovoltaic industry is thriving, and China's photovoltaic industry will become a major source of silver demand in the future, which will provide support
for silver prices.
One of the most important end products of silver is solar photovoltaic products
.
Silver is a major accessory for solar panels, which contain approximately 15 to 20 grams of silver
per panel.
Krebs pointed out that the electricity generated by photovoltaic cells is very reliable
.
As an efficient clean energy source and can be regenerative indefinitely, the photovoltaic industry is supported
by governments in many countries.
Krebs revealed: "10 years ago, when it came to solar PV panels, there was less than 1 million ounces of silver per year; Up to 65 million ounces
this year.
This year, the world is expected to add 40~50GW of photovoltaic power, and each megawatt of new photovoltaic power requires 2.
8 million ounces of silver to supply solar panels
.
In addition, markets such as the United States, India, and Europe are likely to further push the demand for silver for photovoltaic power to an average of 300 million ounces
per year.
