{"id":33052,"date":"2018-04-02T09:32:29","date_gmt":"2018-04-02T14:32:29","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33052"},"modified":"2018-04-02T09:32:46","modified_gmt":"2018-04-02T14:32:46","slug":"chile-worlds-fourth-largest-silver-producer-mine-supply-down-20","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33052","title":{"rendered":"CHILE, WORLD\u2019S FOURTH LARGEST SILVER PRODUCER: Mine Supply Down 20%"},"content":{"rendered":"
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CHILE, WORLD\u2019S FOURTH LARGEST SILVER PRODUCER: Mine Supply Down 20%<\/a><\/h3>\n<\/header>\n
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Silver mine supply from the world\u2019s fourth-largest silver producer fell significantly at the beginning of 2018.\u00a0 According to Chile\u2019s Ministry of Mines, domestic silver production in January declined 20% versus the same month last year.\u00a0 Chile\u2019s silver production has been falling considerably since its recent peak in 2014.<\/p>\n

In just three years, Chile\u2019s domestic silver mine supply fell 10 million oz (Moz) from 50.1 Moz in 2014 to 40.4 Moz last year.\u00a0<\/strong> Interestingly, Chile\u2019s silver production is down 20% since 2014 while the country\u2019s copper mine supply is only down 5%.\u00a0 Because most of Chile\u2019s silver supply comes as a by-product of copper mining, it\u2019s surprising to see such a significant decline in their silver production.<\/p>\n

If we look at three of the top four silver producers in the world, Mexico\u2019s silver mine supply in January increased 7% while Peru declined 6%:<\/p>\n

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According to the official data, Mexico\u2019 silver production increased 29 metric tons (mt), Peru fell 20 mt and Chile dropped by nearly 21 mt.\u00a0 Thus, overall silver mine supply from these top three producers fell 13 mt in January versus the same month last year.\u00a0 Even though Mexico will likely experience an increase in silver mine supply in 2018, declining production from other leading countries may curtail overall world supply.<\/p>\n

If we look at total silver production from these three countries, the peak took place in 2015 at 373 million oz:<\/p>\n

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In just two years, the combined silver output from Mexico, Peru, and Chile is down 21 Moz.<\/strong>\u00a0 Now, what\u2019s even more interesting is the growing disparity in production figures released by the official governments and those collected by Thomson Reuters GFMS and published in the World Silver Surveys.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

CHILE, WORLD\u2019S FOURTH LARGEST SILVER PRODUCER: Mine Supply Down 20% Silver mine supply from the world\u2019s fourth-largest silver producer fell significantly at the beginning of 2018.\u00a0 According to Chile\u2019s Ministry of Mines, domestic silver production in January declined 20% versus the same month last year.\u00a0 Chile\u2019s silver production has been falling considerably since its recent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3386,730,19645,19644,12073],"class_list":["post-33052","post","type-post","status-publish","format-standard","hentry","category-economics","tag-chile","tag-silver","tag-silver-mining","tag-silver-production","tag-srsrocco-report"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33052"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33052\/revisions"}],"predecessor-version":[{"id":33053,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33052\/revisions\/33053"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}