positive
Recently
Electric Vehicles Increasing Silver Consumption Worldwide
Electric vehicles use more silver in batteries and electronics than petrol cars, supporting long-term industrial demand growth.
Electric vehicles require between 25 to 50 grams of silver per unit for electrical contacts, power electronics, advanced sensors,battery management systems.This is nearly double the silver used in internal combustion engine vehicles.With global EV sales expected to reach around 22 million units in 2026, the automotive sector alone could consume approximately 90 million ounces of silver, reflecting strong year-on-year growth and sustained industrial demand momentum.