1) Peru has the largest silver reserves in the world at 120,000 metric tonnes. Australia and Poland have the second and third largest reserves.
2) In 2021, the top silver producers were Peru, Mexico, China, Australia and Poland. Peru was the second largest producer.
3) The top silver exporters worldwide in 2021 were the United Kingdom, China, Mexico, United States and Germany. The top importers were the United States, Canada, United Kingdom, Hong Kong and China.
4) Silver production in India is mainly a by-product of mining other metals like lead, zinc and copper. India imports most of its silver from China, the United States, Australia and the United Arab Emir
1) Peru has the largest silver reserves in the world at 120,000 metric tonnes. Australia and Poland have the second and third largest reserves.
2) In 2021, the top silver producers were Peru, Mexico, China, Australia and Poland. Peru was the second largest producer.
3) The top silver exporters worldwide in 2021 were the United Kingdom, China, Mexico, United States and Germany. The top importers were the United States, Canada, United Kingdom, Hong Kong and China.
4) Silver production in India is mainly a by-product of mining other metals like lead, zinc and copper. India imports most of its silver from China, the United States, Australia and the United Arab Emir
1) Peru has the largest silver reserves in the world at 120,000 metric tonnes. Australia and Poland have the second and third largest reserves.
2) In 2021, the top silver producers were Peru, Mexico, China, Australia and Poland. Peru was the second largest producer.
3) The top silver exporters worldwide in 2021 were the United Kingdom, China, Mexico, United States and Germany. The top importers were the United States, Canada, United Kingdom, Hong Kong and China.
4) Silver production in India is mainly a by-product of mining other metals like lead, zinc and copper. India imports most of its silver from China, the United States, Australia and the United Arab Emir
Silver Reserves: Top 3 Countries 1) Peru (120 MT) 2) Australia (90 MT) 3)Poland (67 MT) More top silver countries by reserves Russia — 45,000 MT China — 41,000 MT Mexico — 37,000 MT Chile — 26,000 MT US — 25,000 MT Bolivia — 22,000 MT The remaining countries combine to hold a total of 54,000 MT of silver reserves, according to the US Geological Survey. The total world figure for reserves sits at 560,000 MT. Largest producer Peru At 120,000 metric tonnes (MT), Peru is at the top of the list for highest silver reserves by country in the world. And unlike some countries with high silver reserves, the nation was a major producer of silver in 2021. The nation put out 3,800 MT of the metal last year, coming in second place in the world in silver production. The majority of Peru’s physical silver is produced at the Antamina mine, located in the province of Huari. The mining industry accounts for more than 50 percent of Peru’s total exports. Top exporters worldwide In 2021 the top exporters of Silver were United Kingdom ($2.97B), China ($2.51B), Mexico ($2.41B), United States ($1.9B), and Germany ($1.87B). Top importers worldwide In 2021 the top importers of Silver were United States ($5.6B), Canada ($3.39B), United Kingdom ($2.66B), Hong Kong ($2.43B), and China ($1.41B). Highest silver grade producing country Mexico produces highest silver grade, Silver 999 which has a millesimal fineness of 999. Silver production in India In India, there are no native silver deposits except the small and unique deposit in Rajasthan. It occurs generally with lead, zinc, copper (especially their sulphide ore) and gold ores and is extracted as a by-product from electrolysis or chemical methods. Silver imports in Silver exports India in India Top countries India imports The value of silver exported Silver from: from India amounted to over • China 464 million U.S. dollars in • USA the year of 2021. • Australia • United Arab Emirates (UAE) • Value = 261.89 Billion US dollars References 1) https://oec.world/en/profile/hs92/silver 2) https://www.statista.com/statistics/652432/export-value-of-silver-indi a/ 3) https://timesofindia.indiatimes.com/city/ahmedabad/gold-silver-impor ts-surpass-pre-covid-levels/articleshow/88640907.cms 4) https://economictimes.indiatimes.com/markets/commodities/news/ind ias-silver-imports-could-tumble-as-scrap-supplies-surge-importers-sa y/articleshow/77653365.cms?from=mdr