(Washington, D.C. – May 14, 2012) The Silver Institute has commissioned a new report on the Chinese silver market. The report will focus on China’s growing importance in the global silver industry and on identifying emerging trends that may impact the broader market over the next several years.
Twenty years ago China accounted for some 3 percent and 5 percent of global silver demand and supply, respectively. In 2011, according to “World Silver Survey 2012”, those figures climbed to 16 percent and 14 percent, making China the world’s second largest consumer and third biggest producer of the white metal.
Many knowledgeable observers of the Chinese market believe that silver demand will continue to grow significantly over the rest of this decade, therefore increasing China’s importance to the global market. For instance, it is noteworthy that the country switched in 2007 from being a net exporter to a growing net importer of silver bullion.
“This report will describe the dramatic rise of China as a source of both supply and demand, and analyze what the trend in these variables is likely to be over the next few years,” stated Michael DiRienzo, Executive Director of the Silver Institute.
The report will be produced for the Silver Institute by Thomson Reuters GFMS and released in October.
The Silver Institute is a nonprofit international industry association headquartered in Washington, D.C. Established in 1971, the Institute serves as the industry’s voice in increasing public understanding of the value and many uses of silver. For more information on silver please visit www.silverinstitute.org.
For Further Information Contact:
Mike DiRienzo
The Silver Institute
888 16th Street, N.W., Suite 303
Washington, D.C. 20006
Tel: (202) 495-4030
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