Green Economic Transition and Silver in Industry Use

Carbon emission and transformation… It is an opinion that has been expressed recently that silver will play a very important role in the developing green economy and that the increasing demand for silver may not be balanced with supply. The last decade has seen the widespread use of silver in photov...

Carbon emission and transformation… It is an opinion that has been expressed recently that silver will play a very important role in the developing green economy and that the increasing demand for silver may not be balanced with supply. The last decade has seen the widespread use of silver in photovoltaics in the green economy, while at the same time photovoltaic installations have increased drastically. At this point, it is estimated that this type of photovoltaic cells use 20% silver compared to the models used in 2010. The main reason for this increase is the effort to reduce carbon dioxide emissions.

 

Apart from these, silver is also used in other renewable energy sources. These are wind and tidal power and the low-carbon nuclear power industry.

 

Industrial use, automotive, EV investments… As the best electrical conductor, silver is widely used in various industrial applications. While the critical chip crisis in the automotive sector is being watched, the use of silver in this sector continues to increase significantly compared to previous years. Not every silver usage area in the automotive sector is related to the green economy. Some of these usage areas are complex infotainment systems, reversing cameras, lane departure warning sensors. However, battery electric vehicles require much more silver than internal combustion engine vehicles.

 

The share of battery-powered electric vehicles in the entire automotive industry will increase with the green transformation and increasing EV investments. Areas that require silver in battery powered vehicles include two electrodes per battery (there can be thousands in a vehicle) and powertrain wiring. These power transmission cables need silver due to high voltage. Silver has unique electrical conductivity properties that are desirable for electric car manufacturers. If EV demand rises in line with government spending on EV infrastructure, there will be a proportional increase in demand for silver.

 

Conclusion? Proposed investments in electric vehicle (EV) and solar power generation and infrastructure will continue to progress. These developments mark an important milestone in the global transition from fossil fuel-dependent economies. Silver is essential in the manufacture of both solar panels and EVs. As the world continues to invest heavily in renewable energy, it also puts silver on its long-term growth path. Public investment in EVs and solar energy, as well as potential inflation risks, could be accompanied by a high demand impact.

Kaynak Tera Yatırım
Hibya Haber Ajansı

27 Nis 2022 - 23:56 - Dünya



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