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The industrial use of silver will likely increase in the next five years, especially as we move toward a low carbon economy, said Dr. Mark Cruise, CEO of New Pacific Metals.
“Silver has got its usual store of value against inflation, and we certainly see a lot of global headwinds and inflationary pressures for gold and silver,” Cruise told David Lin, anchor and producer of Kitco News at the Denver Gold Forum. “But what makes silver unique is its industrial end use as well. It’s a critical commodity in basically moving to a low carbon economy, in particular solar and wind power.”
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
0:00 – New Pacific Metals’ discovery
2:50 – Silver’s drivers, uses
8:06 – Silver exploration
#silver #mining #electricvehicles
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