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Thursday
Dec152016

Six Hundred Million Ounces of Silver to be Consumed in Photovoltaics and Ethylene Oxide Production Through 2020

Two segments of the silver industrial demand complex are poised to consume 600 million ounces of silver through 2020.  Please click the link below for a report issued today entitled, “Prospects for silver demand in ethylene oxide and photovoltaics”, issued today by the Silver Institute.

There are many reasons to be positive about demand for silver in photovoltaic (PV) cells.  The number of solar panel installations is forecasted to rise steadily in the coming years as a result of a combination of carbon emissions legislation, government policies and a decrease in the cost per gigawatt of electricity generated using PV. This will bring about substantially increased silver consumption despite slow and steady declines in the amount of silver used per individual solar panel. The report projects that 2018 will be a bumper year for silver demand in PV due to the construction of a record number of solar arrays; silver use in PV in 2018 is expected to be some 75% greater than in 2015.

Link to press release and report: Link

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