Page 19 - Bullion World Volume 4 Issue 5 May 2024
P. 19

Bullion World | Volume 4 | Issue 5 | May 2024

                    Congratulations Hindustan Zinc

             Limited on Becoming the 3rd Largest


                        Silver Producer in the World!




































                     Key Learnings from the 2024 India Silver Conference


           •   Globally, silver faces a structural deficit due to high   •   Manufacturing cadmium-free silver is complex,
              demand in industrial sectors like electric vehicles   necessitating strict regulations and consumer
              and electronics, necessitating incentives for holders   education.
              to release physical silver. Despite trading below its
              peak, silver presents investment opportunities.   •   The conference emphasizes silver's strategic role in
                                                                 India's industrial growth, urging investment in silver
           •   Portfolio diversification recommends allocating 4   for economic resilience.
              to 7% to silver, with lower percentages for short-
              term investors. Consumer trends in the USA and   •   Government initiatives like rural electrification
              Germany favor physical silver over paper assets.   and housing for all further boost silver demand.
                                                                 Collaboration between industry and research
           •   Delegates forecast silver to surpass 34 USD/Troy   institutions accelerates innovation in silver-related
              Ounce by December 2024.                            products.


           •   India's silver market growth hinges on industrial   •   Research institutions offer innovative silver
              demand, notably in electrical contacts and solar   products and seek industry collaboration. Silver's
              paste, projected to grow annually at 15%.          versatility and industrial applications position it as a
                                                                 cornerstone of India's economic development.
           •   Improving productivity in India's silver jewelry
              manufacturing requires common facility centers.   •   India's solar cell production growth to 60 GW by
              GJEPC initiatives can boost exports.               2027-28, led by major players like Adani Solar, Tata,
                                                                 and Reliance, will drive silver demand.
           •   Voluntary hallmarking enhances silver quality, but
              compulsory hallmarking faces challenges due to the   •   Silver's evolving perception from "poor man's gold" to
              unorganized sector.                                "everyman's gold" underscores its increasing value
                                                                 amid rising gold prices.


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