Silver Demand Soars as Solar Power Industry Expands Globally The global surge in solar power adoption is significantly increasing the demand for silver, which is essential for making photovoltaic (PV) panels due to its superior electrical conductivity and thermal efficiency. With silver prices reaching their highest in a decade, mining companies are ramping up production to meet this demand. Last year, global investment in solar PV manufacturing skyrocketed to approximately $80 billion, representing 40% of the world’s clean technology manufacturing investments, according to the International Energy Agency. Notably, China has more than doubled its investment in solar PV manufacturing from 2022 to 2023. This investment has contributed to a 50% increase in global renewable capacity last year, with solar PV accounting for three-quarters of this growth, marking the fastest expansion in 30 years. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts JPMorgan Bullish on Gold and Silver, Palladium Rallies READ MORE Behind the Number: Unpacking the Fed's 2% Inflation Target READ MORE S&P 500 Nears Worst Month in Over a Year as Rising Yields Signal Inflation Concerns READ MORE Copper Short Squeeze Rocks Global Markets as US Prices Soar READ MORE US Business Activity Slows, Marking Weakest Growth in Four Months READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment