Is Investing.com Censoring Silver Shortage News in US?

Is Investing.com Censoring Silver Shortage News in US?

CITIC Securities released a research report saying that under the two-way effect of the stagnation of the growth of main minerals and the accelerated penetration of N-type batteries, the global silver supply is expected to maintain a long-term shortage pattern.

Investing.com - Hong Kong - published an article last Thursday (Dec 5th) reporting that the CITIC latest report is optimistic about the value of silver sector, but this news is not being reported in English.

Is Investing.com trying to keep this news quiet in Western markets?

"CITIC Securities released a research report saying that under the two-way effect of the stagnation of the growth of main minerals and the accelerated penetration of N-type batteries, the global silver supply is expected to maintain a long-term shortage pattern."

CITIC Securities Co., Ltd. is a Chinese full-service investment bank. By mid-2020, it has become one of China's four largest securities firms.

Translated from article:

CITIC Securities released a research report saying that under the two-way effect of the stagnation of the growth of main minerals and the accelerated penetration of N-type batteries, the global silver supply is expected to maintain a long-term shortage pattern. In the future, as the inventory of the industrial chain continues to be digested, the correlation of silver prices to supply and demand is expected to be restored, which is expected to boost the long-term pivot of silver prices.

The main views of CITIC Securities are as follows:

The accelerated penetration of N-type modules has boosted the rapid growth of silver demand in the PV sector.

According to estimates, the proportion of silver demand in the photovoltaic sector has increased from 10% in 2018 to 16% in 2023. In the future, three major trends in the photovoltaic industry will help the demand for silver continue to grow: first, the increase in overseas installed capacity and the steady increase in domestic installed capacity; second, the structural improvement brought about by the accelerated penetration of N-type cell modules with high unit consumption of silver paste; Third, new technologies such as 0BB+ silver-clad copper have weakened the impact of the decline in the unit consumption of silver paste. It is expected that the global silver demand in the photovoltaic field will reach a CAGR of 5.7% in 2023-2026E. In addition to photovoltaics, demand in electronics and jewelry and silverware is expected to rebound during the year benefiting from the recovery of consumer electronics demand and a new round of replenishment in India, respectively.

Global silver demand is expected to be +1.4%/+2.6%/+1.6% y-o-y in 2024-2026, reversing the decline in 2023.


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