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30-35% of global silver production is a by product of lead-zinc mines.
Zinc smelters are one of the most energy intensive aspects of the economy. Europe had to shut them down during its 2022 energy crisis.
Extended zinc smelter closures can lead to mine closures.
66% of global Zinc mining comes from China (35%), Peru (12%), Australia (12%) and India (7%), most in the line of fire from the Hormuz closure.
90% of mined lead is used to manufacture batteries.
90% of mined zinc is used to make brass, alloy die casting, and steel galvanization.
Something to keep your eye on.
Seems like we may see a silver supply disruption because of this with little to no demand destruction
Clive Thompson brought up an interesting point. With Dubai shutdown, 20%-30% of the #Gold refinery capacity is disconnected with the world. They can refine, but nothing can go in or out
Some refiners may need to off load their gold locally at a discount because they cannot hold it forever and pay all the insurance for it
The dominos are falling. The cockroaches have arrived. Gold and silver... https://t.co/BZWurTgOqE
President Putin was presented with a “BRICS bill” at the BRICS Summit in Kazan. This is symbolic in nature but it illustrates the direction that the global alliance is moving. The banknote was made in Russia.
The final and 3rd silver bull move since Nixon closed the gold window is upon us.
End of the rainbow, get-out-of-rat-race stuff, IF you play it right.
The next commodities inflationary phase will burn you hard if you don´t.
#silver#gold#brics#dedollarization#purchasingpower
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