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Gold/Mining/Energy : Gold Price Monitor

GDXJ 35.84

-4.7%

10:41 AM EDT

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To: Sun Tzu who wrote (115259)	1/6/2022 3:18:04 PM
From: John Koligman	Read Replies (2) of 115516

I saw a bunch of articles out on the web all stating numbers in the range below: Average vehicle silver loadings, which are currently estimated at 15-28 grams (g) per internal combustion engine (ICE) light vehicle, have been rising over the past few decades. In hybrid vehicles, silver use is higher at around 18-34g per light vehicle, while battery electric vehicles (BEVs) are believed to consume in the range of 25-50g of silver per vehicle. The move to autonomous driving should lead to a dramatic escalation of vehicle complexity, requiring even more silver consumption. Silver automotive demand this year is projected to be 61 Moz;Ancillary services that require silver are also increasing, including charging stations and charging points for electric vehicles; andThe acceptance of BEVs is gaining momentum, as an increasing number of countries adopt policies that support the BEV industry. https://mercomindia.com/solar-ev-sectors-to-prop-silver-demand/

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