Samsung’s development of a new solid-state battery, which uses a silver-carbon composite, is expected to significantly boost silver demand. Analysts predict that if 20% of global electric vehicles adopt this technology, it could increase silver demand by 16,000 metric tons annually, nearly two-thirds of current global production. This surge, combined with existing demand from the solar industry, could drive silver prices to new highs, potentially reaching $200/oz in the next decade. However, the adoption of this technology will depend on overcoming infrastructure and cost challenges, particularly in building the necessary ultra-fast charging stations.
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