Boycott
Most investors watching silver right now are focused on geopolitical tensions, safe-haven demand, and the green energy transition. But a potential development out of Beijing over the next few weeks could be the most consequential supply shock nobody in the silver market is talking about yet. According to industry reports, China could be set to ban exports of sulphuric acid starting next month. On the surface, that sounds like a chemicals story, but it is not; it is a silver story. The connection nobody is making is that sulphuric acid is the lifeblood of copper mining. The heap leach process,…
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