Silver Prices Soar as China’s New Export Rules Take Effect

Elon Musk has expressed concern over China’s upcoming restrictions on silver exports, set to begin January 1, 2026, which will require government licenses for companies to trade the metal.

He warned that this move could disrupt industries reliant on silver, including electronics, medicine, and renewable energy, due to its critical electrical, thermal, and chemical properties.

Musk highlighted that the restrictions could trigger a global supply shortage and drive up silver prices.

This, in turn, may raise production costs across multiple sectors and impact the global economy, Yahoo Finance has reported.

His comments emphasize the potentially serious consequences of China’s export controls on silver.

read more: https://finance.yahoo.com/news/silver-prices-soar-chinas-export-191120064.html

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