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 Bond King' Bill Gross Warns of Potential Recession and Overvalued Stocks READ MORE Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS Insights READ MORE Nasdaq 100 at Risk? Citi Strategists Flag Potential Tech Sell-Off READ MORE The Silver Denarius and the Fall of Rome READ MORE Central Bank Gold Purchases Surge to 33 Tons in April READ MORE Add a Comment Cancel replyYour email address will not be published.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