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| Sahit Muja: China's Silver Coin |
Silver prices increased today to 32.40 an oz today.
China and India's net imports of silver hit a record high in 2011 .
China used to be a silver exporter now China has become the importer of silver
About 70% of China’s silver demand comes from the industrial sectors.
China is the third largest producer of mined silver in the world.
China also is a major consumer of silver, absorbing large and rapidly growing volumes of silver in its manufacturing sector.
Chinese silver mining witnesses significant growth and development in recent years, fueled by technological strides in exploration and an increase in production in response to steady growth in domestic and
China has the world’s largest manufacturing facilities for home electronics and electrical appliances, which utilize various type of silver-based solder.
Silver demand in China is soaring thanks to increasing use for industrial and jewelery purposes.
About 70% of China’s silver demand comes from the industrial sectors.
Silver is used industrially - in solar batteries, water purification systems, cellphones, circuit boards, plasma TVs and radio frequency identification devices
Silver is widely used in the China is the third largest producer of mined silver in the world.
China is the third largest producer of mined silver in the world.
China is top consumer of silver in the world.
Silver demand has witness a significant growth in 5 years, fueled by steady growth of silver use .
China's net imports of silver nearly quadrupled in 2011 boosted by sharp increases in demand by the industrial sector and the jewelry industry.
Silver demand in China and India has increased sharply in 2010 and 2011 as more investors use silver as a store of value.
Sahit Muja
President and CEO
Albanian Minerals
New York
