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To: Sun Tzu who wrote (115257)1/6/2022 2:10:12 PM
From: Sultan
1 Recommendation   of 115414
 
IMHO, Silver demand and price should do better then Gold and Copper should do better then Silver in terms of demand going forward..

As EV production increases, quite dramatically next 2-3 years +, Copper demand is projected to explode and supply is going to be a big question.. There are enough research reports on demand vs. supply, new or lack of big discovery and lead time to develop the mines etc..

But for now, it is all very subdued as if nothing is going to change..

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To: Sultan who wrote (115258)1/6/2022 2:28:30 PM
From: Sun Tzu
   of 115414
 
I've heard that EVs should increase demand for silver, but I've never seen any hard data as to how much silver is used in an EV.

Have you seen any hard data on forward demand for silver? I am looking for something along the lines of each EV uses X amount of silver while each ICE uses Y amount, therefore the net effect will be Z.

===

Edit - there are some numbers floating around for silver use in EVs, but they all come from the silver CEOs. I am looking for something from a metals analyst.

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To: Sun Tzu who wrote (115259)1/6/2022 3:06:10 PM
From: Sultan
   of 115414
 
I have not seen any numbers for Silver use in EV.. Silver usage is usually mentioned in Electronics, Solar, medical etc. so increased use of electronics, chips in EV etc. and demand in solar means silver has a steady demand to come.. Ages ago, it was photography.. Whether Supply will be there to meet it who knows because like a lot of things in commodities, a new mine takes years and years to come to production.. I have seen some presentation on Silver so if I can dig it up, I will post...

Copper on the other hand has a lot of numbers they throw around.. Here is a sample..
Per the Copper Development Association Inc., traditional cars have 18-49 pounds of copper, hybrid EVs contain approximately 85 pounds and plug-in hybrid EVs use 132 pounds
Disclaimer.. I own a small copper play.. CMMC.TO .. Copper Mountain Mining.. It is a BC based copper producer with mine in BC.. Shares also trade on Australian Exchange since they also own a well-advanced project in Australia and they will be coming up with details, in terms of financing, construction etc. post pandemic because at present, everything in Australia is essentially shut down.. cumtn.com

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To: Sun Tzu who wrote (115259)1/6/2022 3:18:04 PM
From: John Koligman
   of 115414
 
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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To: John Koligman who wrote (115261)1/6/2022 3:48:06 PM
From: Sun Tzu
   of 115414
 
The problem is that those numbers come from the silver mining CEOs. I am yet to see a projection from a metals analyst. When I did my search on the subject, and by no means am I a metals analyst or have access to all the data that I needed, I saw that EVs actually use less silver than ICE. Additionally, all the solar stocks are crashing - which may be it means the solar cells are not selling, which by extension means less demand for silver.

However, other industrial uses are picking up and the inflation is up. So despite the above I am finding it strange that silver prices are this low while just about every other commodity has gone through the roof.

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To: Sun Tzu who wrote (115262)1/6/2022 5:05:01 PM
From: Lou Weed
1 Recommendation   of 115414
 
Here's some more info....

silverinstitute.org


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From: Sultan1/6/2022 11:23:21 PM
   of 115414
 
FWIW

The Great Gold Love Trade Is Alive And Well, As India Buys A Record Amount

usfunds.com

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To: John Koligman who wrote (115261)1/7/2022 6:53:06 AM
From: Cogito Ergo Sum
   of 115414
 
I wonder how autonomous driving will affect insurance premiums :)

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From: Julius Wong1/7/2022 7:13:48 AM
   of 115414
 
India spends record $55.7 bln on gold imports in 2021 - govt source

reuters.com

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To: Cogito Ergo Sum who wrote (115265)1/7/2022 11:54:33 AM
From: John Koligman
   of 115414
 
All I can say there is that it seems to be slipping farther and farther into the future <ggg>.

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