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 Top Industrial Silver Consumers... Who Are They?
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cptindy
Penny Hoarding Member


572 Posts

Posted - 02/13/2010 :  07:57:37  Show Profile Send cptindy a Private Message
I don't believe there will be a price breakout unless one of a few things happen.I would like to ponder just one today.

I will call this cptindys weekly challenge!

Answer me this!

Who are the major industrial users of silver in the global market place? (Let's focus on say the top 5)

How much do they use annually?

How much do they stockpile?

What business are they in and what is its growth potential?

When, where and how do they make their purchase?

Do current mining conditions keep pace with this demand?

How does the new investor demand fit onto this equation?

"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"

" The average man doesn't want to be free. He wants to be safe."

H.L. Mencken

http://silver-news-today.com/

cptindy
Penny Hoarding Member



572 Posts

Posted - 02/13/2010 :  10:06:57  Show Profile Send cptindy a Private Message
Thus far:

USGS 2007

World production = 21,100 Metric Tons
World Consumption = 27,800 Metric tons

U.S. Production = 1,260 Metric Tons
U.S. Consumption = 5,650 Metric Tons
U.S. Import = 4,210 Metric Tons
U.S. Export = 660 Metric Tons

U.S. Industrial Consumption = 3,590 Metric Tons


U.S. Breakdown = 500 Metric Tons Coins
440 Metric Tons Jewelry
1120 Metric Tons Photo Related
3590 Metric Tons Industrial

Total U.S. 5650 Metric Tons


Modern Day Uses

Batteries: Everready

Bearings : Jets

Soldering: Oatey co.

Catalysts: 700t 90% Plastics

Electronics: Circuit boards, Switches, T.V. Screens, RFID

Medical: Medline Industries, Nano Silver

Mirrors/Coatings: Paint, Windows,Eye Glasses 1/7 pair

Solar Energy: Photo Voltaic Cells, Korean Power Plant, Walmart 40% of Energy Use,Acciona Energy

Water Purification: Watkins Manufacturing






"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"

" The average man doesn't want to be free. He wants to be safe."

H.L. Mencken

http://silver-news-today.com/
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