Scrap Supply

Silver recycling, which accounted for 18 percent of total supply in 2023, grew by 1 percent to 178.6Moz. Much like 2022, the industrial sector was the primary driver of volumes, which in turn was due to growth in the recycling of EO catalysts.

Global Recycling

Material and statistics in this section were adapted in part from the Silver Institute’s World Silver Survey 2023.