Quote:
Originally Posted by lustylad
China currently produces around 13% of global supply. That's roughly the same as Peru, but way behind #1 producer Mexico which supplies nearly 25%.
So no, China doesn't "control" 70% of global silver supply.
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They have the largest refinery capacity. DUH
Yes, China controls approximately 60-70% of the world's silver refining capacity, making it a dominant player in the global silver market. This significant capacity allows China to influence silver supply and prices internationally.
discoveryalert.com.au ad-hoc-new
China contributes roughly 13% of the global mined silver, but 70% of the refining capacity. While DC Burned under Israel’s hostage, Trump, China just outmaneuvered the global economy for technology, AI, defense weapons, EV’s, iPhones, computers, etc… China is shutting down the world’s largest silver refinery. Beijing moving from strategic hoarding to total resource control.
They have introduced a new regime of export licenses designed to exclude every western trader. To get silver out of China beginning Jan 1, an entity must show production capacity of at least 80 tonnes, hold a 30 million dollar credit line and receive state approval over the rest of the world. China just pulled the rug from under US.
https://www.globalresearch.ca/global...morgan/5910682
