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Silver Consumption in the Global Automotive Sector to Approach 90 Million Ounces by 2025 Silver Consumption in the Global Automotive Sector to Approach 90 Million Ounces by 2025 WASHINGTON, Jan. 12, 2021 Automakers today are increasingly relying on silver to enable the vast technological advances incorporated into modern vehicles. This has resulted in another powerful demand center for silver, with projections of nearly 90 million ounces (Moz) of silver absorbed annually in the automotive industry by 2025. Notably, by that time, this will rival silver consumption in the photovoltaic industry, forecasted to be 98 Moz this year, and currently the largest application of global industrial silver demand. To provide a better understanding of silver’s important function in the automotive sector, the Silver Institute, as part of its series of

New yorkUnited statesLake maryPaul browningDuration storage solutionsMitsubishi power ltdKey capture energyNew york power authorityUniversity of new yorkMagnum developmentClean energy storageMitsubishi power americas incEnergy storage market growthMitsubishi heavy industries ltdYork power authorityMitsubishi power