The Silver Market has Infinite Scenery —— Analysis on the Trend of Silver Market at Home and Abroad
With the increasing demand for basic metals in various industries, the global price of basic metals rose in the second half of 2003. Due to the double pull of the rising gold price and the increasing demand for silver, the international silver price continued to fluctuate upward, breaking through the resistance of $5/ounce, temporarily stepping out of the trough in more than four years, and the price remained above $5.0/ounce. By the end of 2003, the price of silver had reached $6.0 per ounce. It is expected that the price of silver will continue to be optimistic this year. If there are no accidents, the annual average price of silver will remain above $5.25 per ounce. International silver prices remain high this year. In 2003, the annual average price of silver in London Gold and Silver Exchange (LBMA) was 4.88 USD/oz, which was 6.06% higher than the annual average price of 4.60 USD/oz in 2002. In 2003, the lowest price of silver in the international market was US$ 4.37/ounce, and the highest price rose to US$ 5.965/ounce on February 3 1 day, the highest in five and a half years. According to the latest statistics released by various institutions, the global mineral silver output in 2003 has not changed much compared with that in 2002. In addition to recycling, silver is mainly accompanied by by by-products such as lead, zinc and copper, so it is difficult to count, and the statistics of different institutions are different. According to the analysis of "World Metal Statistics" of the US Geological Survey, even though the global output of mineral silver increased in 2003, it was not much relative to the demand. According to the data of British Commodity Research Institute (CRU) and Jintian Mining Company (GFM S), the global silver supply in 2003 was lower than that in 2002, and there was a slight shortage in the whole year. One of the reasons is that mineral silver may decrease slightly. On the other hand, according to the information released by some foreign institutions, the selling volume of silver by governments (mainly the People's Bank of China and the US Defense Logistics Agency) may be reduced. CRU believes that the global silver recovery in 2003 tends to decrease, about 50 tons less than that in 2002. It is estimated that the global silver supply in 2003 was 725 tons less than that in 2002. In addition, the current world silver supply is decreasing, and the investment in silver industry is the lowest level in history. This can be manifested by inventory, etc. Since 1990, the global total silver inventory has dropped by 74%, and now the silver inventory has reached a record low. Although the overall consumption of silver is still low at present, in the past 10 years, the overall consumption of silver has shown an upward trend. Generally speaking, the global total output of mineral silver may increase at some point in the future, but it will not be until some large new minerals are completely produced or new silver mines are put into use. Because the global output of mineral silver will not increase for the time being, the demand for silver in various industries around the world is still growing steadily, which provides fundamental support for the continued optimism of the silver market in the future. With the development of economy, the demand of silver manufacturing industry is slowly increasing, and the amount of silver used in electrician, electronics, welding alloy and solder, jewelry and silver products, silver coins and commemorative medals will increase. It is estimated that the demand for silver in manufacturing industry reached 25,925 tons in 2003, up 2.2% year on year, and this trend will continue in 2004. In the medium and long term, if the price of silver wants to make new achievements, it must break through the key position of $7 per ounce. At present, it needs new impetus. Some analysts believe that the future change of the US dollar exchange rate is still an important factor in determining the prices of precious metals such as gold and silver. In the case of the depreciation of the dollar, it should be a good choice to buy silver to preserve the value. The weak dollar, the fear of terrorist attacks in the United States and the turmoil in Iraq will comprehensively determine the future price trend of the precious metals market. US Federal Reserve Board officials said that the exchange rate of the US dollar will remain low in the short term, so the situation of high silver prices in the future will not change. From the analysis of technical charts, there is still a chance for silver prices to hit a new high this year. It is predicted that the next test level of silver price in 2004 will be $6.35 per ounce. From the perspective of the whole year, the price of silver will continue to be firm in the first half of the year; The domestic silver price is increasing, and the overall output is decreasing, but the silver price will definitely continue to rise throughout the year. It is estimated that the annual average price will remain above $5.25 per ounce. However, billionaire Warren Buffett still holds 65438+300 million ounces of silver, which he bought between 1997 and 1998. Whether he will make a move in 2004 is also a focus of market attention, or he can predict the trend of silver price. Since the domestic silver market was officially opened in 2000, the price of silver has gradually been in line with international standards. In the early days of opening up, domestic silver prices generally lagged behind the international market for weeks or even months. Now, this price lag is narrowing, China's silver products are constantly exported abroad, and the prices at home and abroad are more and more consistent. Judging from the overall trend of silver prices in the past two years, the overall upward trend of domestic silver prices has not changed. Due to the serious surplus of domestic silver production, with the expansion of the silver export quota of the Ministry of Commerce in 2004 (the quota was raised from 2,500 tons to 2,700 tons in 2003 to 3,050 tons in 2004), a large amount of silver will continue to be exported in the future. In addition, the demand for silver in domestic jewelry, silver-based alloys and other industries is also growing steadily, which makes the silver industry advance steadily. In the short term, the situation that the domestic market silver price remains high will not change, and the domestic silver market is still infinite. It is estimated that the average domestic silver price will be around 1600 yuan/kg this year. In China, silver is mainly a by-product of copper, lead and zinc. From the production and supply situation, with the substantial growth of domestic lead, zinc and copper production, China's silver production continued to increase last year. According to the data of National Bureau of Statistics and Information Statistics Department of China Nonferrous Metals Industry Association, the output of silver in China reached 3,963 tons in 2003, up 34.47% year-on-year. In addition, due to the liberalization of the silver market in China, the supply and marketing of silver, which was strictly controlled before, has also been liberalized, and new enterprises have entered the field of silver production. In addition, some hidden output has gradually become public, so domestic silver production has increased. It is expected that the situation that China's silver output will continue to increase this year will not change. At the same time, with the rise of international silver price and the surge of domestic silver production, the export volume of silver will continue to grow this year. At present, there are still some problems in China's silver export, such as single product and primary unwrought silver. Hongkong, India, Thailand, Singapore and Australia are the main countries and regions of China's silver export and re-export. China's silver exports are basically exported directly by silver smelting trade enterprises with quotas through local customs, which is convenient for handling procedures on the one hand and saves intermediate turnover expenses on the other. It is noteworthy that at present, the trend of scale and collectivization of silver production enterprises in China is increasingly obvious, and brand strategy has begun to be valued by people. In the past, domestic silver enterprises were characterized by small scale and limited brand influence, and the product quality of some small enterprises could not be guaranteed. This year, the domestic silver industry is gradually building and expanding some projects with relatively large investment, and the market shows signs of gradual restructuring. The silver mine development project of Lingqiu Zhijiadi, a key production adjustment project in Shanxi Province with a total investment of 654.38+0.4 billion yuan, has been officially put into production recently. It is currently the largest silver smelting base in North China, with an estimated annual output value of 70 million yuan. China Yindu Group was established in Yongxing, Hunan. In five years, we will strive to make Yongxing's annual output of silver exceed 2000 tons, gold exceed 10 tons, with an output value of 5 billion yuan and a profit of 65438+ billion yuan. At present, Hong Kong Daxing Smelter Co., Ltd. is building a silver refining and purification plant with Yongxing Shunda Smelter and Yongxing Gold and Silver Recycling Company. Lingbao city Tonggou Gold Mine, Luoyang Yin Hui Metal Smelting Co., Ltd. and Lingbao Gold Co., Ltd. jointly funded the establishment of "lingbao city Tonghui Fine Metallurgy Co., Ltd." recently. After the project is completed, it can process 20 tons of gold and 200 tons of silver annually, and the completed output value will exceed 654.38+0.2 billion yuan and the profit will be 654.38+0.2 million yuan. The relocation project of rare and precious metal factory of Huludao Nonferrous Metals Group in Liaoning Province will also be started in early April. After the completion of the whole project, the output of rare and precious metals factory of Huludao Nonferrous Metals Group will increase greatly, with an annual output of silver 100 tons and gold of 2 tons. A wide range of applications and strong consumer demand, China's silver is mainly used in photosensitive materials, electronic and electrical industries, silver products and jewelry, chemical reagents and chemical materials, of which electronic and electrical accounts for 35%, photosensitive materials account for 20%, chemical reagents and chemical materials account for 20%, handicrafts and jewelry 10%, and other aspects 15%. According to the statistics of Antaike Company, the demand for silver in China reached 1.75 million tons to 1.80 million tons in 2002, with an increase of more than 10%, but the growth rate of consumption was much lower than that of output. In 2003, the domestic demand for silver reached about 1980 tons. It is believed that the stable demand for silver, especially in the field of jewelry and silver-based alloys, will provide support for the continued prosperity of the domestic silver market. First of all, silver jewelry is becoming a rapid growth point of jewelry in China. At the beginning of the opening of the silver market, China enterprises manufacturing silverware, silverware and silverware have mushroomed in Jiangsu, Zhejiang, Shanghai and Guangdong. Since 200 1, silver jewelry has become a rapid growth point of Chinese jewelry industry. At present, there are nearly 100 professional manufacturers of silver jewelry in China, mainly in Guangdong, Fujian, Zhejiang, Shanghai and other provinces and cities. Among them, there are thousands of silver jewelry processing enterprises in Guangzhou and Panyu. These enterprises mainly process materials for European and American markets. With the opening of the mainland silver market, they have a strong competitive advantage. According to China Gemstone Association, at present, the amount of silver used for processing silver ornaments and products in China is more than 200 tons every year; There are 40,000 to 50,000 employees in production and operation; The domestic market produces more than 70 million pieces of silver jewelry every year. Obviously, domestic jewelry silver is incompatible with the existing silver production in China and the increasing purchasing power in China. In the future, how to strengthen the deep processing application of silver in jewelry and other fields is a problem that China silver industry must face. At present, many enterprises are interested in or developing silver jewelry products, which will continuously promote the consumption of silver. Secondly, there is a great demand for silver alloy and its composite materials in China at present, and the annual consumption is 500 ~ 550 tons. According to the statistical data released by Shanghai Electric Apparatus Research Institute (Group) Co., Ltd., the total domestic market for silver alloy materials is about 1. 2 million tons, the total market for silver composite materials is about 1. 0 million tons, and the total amount of silver used is 500-550 tons. The information released by the agency also shows that there are about 200 domestic electrical alloy manufacturers, of which 2 have an output value exceeding 100 million yuan and more than 20 have an output value exceeding 10 million yuan. The total output value of the industry is about 2.5 billion yuan. These data do not include the ultra-fine silver powder needed for contact fittings and electronic paste imported from abroad by foreign-funded enterprises. However, due to the large number of silver-based solder manufacturers, it is difficult to predict the whole product. In addition, with the improvement of people's lives and the announcement of some encouraging policies, domestic silver consumption may be promoted in the future. In 2003, the People's Bank of China announced the cancellation of some approvals for the import, export and processing of gold and silver, which was a great benefit for people to consume and process gold and silver and other metals. In addition, it was recently learned from the Economic Operation Department of the Ministry of Information Industry that the "Administrative Measures for the Prevention and Control of Pollution in the Production of Electronic Information Products" being drafted stipulates: "Electronic information product manufacturers should ensure that measures to reduce the production of toxic and harmful substances will be implemented from July 1 2003; Electronic information products listed in the national key supervision catalogue from July 1 2006 cannot contain lead, mercury, cadmium, hexavalent chromium, polybrominated diphenyl ether (PBB) or polybrominated diphenyl ether (PBDE). " Obviously, healthy, safe and beautiful silver will greatly benefit from it. Silver is widely used in electronic and electrical industries. At present, 35% of silver consumption is used in electronic and electrical industries. In the electronic industry, it is mainly used for silver composite materials, ultrafine silver powder, bright silver powder, and various electronic pastes (conductor paste, resistor paste, capacitor electrode paste, high-temperature sintered silver paste, low-temperature solidified silver paste), solder, silver electroplating, silver-based electrical contact materials, fuses, potentiometers, sensors, batteries, etc. If the process research is strengthened and the cost is reduced, silver can completely make up for the space after some metals are banned, and the application prospect of silver is broad.
There are four main reasons why the silver market is optimistic: 1. Analysis of gold-silver ratio: historically, the price ratio of gold and silver was 15: 1 or 16: 1, but in recent years, the price ratio of gold and silver has been increasing and maintained at 40: 1 to 80:65438. On February 24th, 2004, the international market price of silver closed at 6.6 1 USD/oz, the price of gold closed at 403 USD/oz, and the ratio of gold to silver was 6 1: 1. On March 8, 2004, the international market price of silver closed at 6.92 USD/oz, the price of gold closed at 399.85 USD/oz, and the ratio of gold to silver was 58: 1. This means that the actual value of silver is underestimated and its current price is still relatively low compared with the historical price. Therefore, some insiders believe that silver is more valuable than gold now if you want to make low-entry and high-sales investments. Second, the analysis of supply and demand: Now the fundamentals of supply and demand in the silver market are somewhat special. The supply and demand of the silver market continues to be in deficit 12 years. At present, more and more silver is used in industry. Relatively speaking, the amount of silver recovered from minerals and recycling is indeed limited, and the supply shortage has run through the past 60 years. According to the statistics of relevant institutions, the global annual supply gap of silver is between 1 billion and 200 million ounces, the annual supply of silver is 650 million ounces, and the demand is around 800 million ounces. Third, the analysis of silver reserves: As far as the current global silver reserves are concerned, it is far less than gold. At present, there are about10.50 billion ounces of silver reserves (stocks) in the world. During the same period, the world silver reserve (stock) was about 4 billion ounces. Analysis of silver output: At present, the vast majority (70% to 80%) of silver in the market is still related to the production of copper, lead, zinc and gold. Because the number of independent silver mines is limited after all, when the price of silver rises moderately, the output of silver will not necessarily increase significantly. If recycling is not considered, the output of silver actually depends on the output of lead, zinc, copper and gold. Therefore, there will be no sudden increase in silver production to suppress the silver market. With the increasing demand for basic metals in various industries, the global price of basic metals rose in the second half of 2003. Due to the double pull of the rising gold price and the increasing demand for silver, the international silver price continued to fluctuate upward, breaking through the resistance of $5/ounce, temporarily stepping out of the trough in more than four years, and the price remained above $5.0/ounce. By the end of 2003, the price of silver had reached $6.0 per ounce. It is expected that the price of silver will continue to be optimistic this year. If there are no accidents, the annual average price of silver will remain above $5.25 per ounce.
International silver prices have been rising, and they are still firm this year.
Throughout 2003, the average annual price of silver in London Gold and Silver Exchange (LBMA) was 4.88 USD/oz, which was 6.06% higher than that of 4.60 USD/oz in 2002. In 2003, the lowest price of silver in the international market was US$ 4.37/ounce, and the highest price rose to US$ 5.965/ounce on February 3 1 day, the highest in five and a half years.
According to the latest statistics released by various institutions, the global mineral silver output in 2003 has not changed much compared with that in 2002. In addition to recycling, silver is mainly accompanied by by by-products such as lead, zinc and copper, so it is difficult to count, and the statistics of different institutions are different. According to the analysis of "World Metal Statistics" of the US Geological Survey, even though the global output of mineral silver increased in 2003, it was not much relative to the demand. According to the data of British Commodity Research Institute (CRU) and Jintian Mining Company (GFM S), the global silver supply in 2003 was lower than that in 2002, and there was a slight shortage in the whole year.
One of the reasons is that mineral silver may decrease slightly. On the other hand, according to the information released by some foreign institutions, the selling volume of silver by governments (mainly the People's Bank of China and the US Defense Logistics Agency) may be reduced. CRU believes that the global silver recovery in 2003 tends to decrease, about 50 tons less than that in 2002. It is estimated that the global silver supply in 2003 was 725 tons less than that in 2002. In addition, the current world silver supply is decreasing, and the investment in silver industry is the lowest level in history. This can be manifested by inventory, etc. Since 1990, the global total silver inventory has dropped by 74%, and now the silver inventory has reached a record low. Although the overall consumption of silver is still low at present, in the past 10 years, the overall consumption of silver has shown an upward trend.
Generally speaking, the global total output of mineral silver may increase at some point in the future, but it will not be until some large new minerals are completely produced or new silver mines are put into use. Because the global output of mineral silver will not increase for the time being, the demand for silver in various industries around the world is still growing steadily, which provides fundamental support for the continued optimism of the silver market in the future.
With the development of economy, the demand of silver manufacturing industry is slowly increasing, and the amount of silver used in electrician, electronics, welding alloy and solder, jewelry and silver products, silver coins and commemorative medals will increase. It is estimated that the demand for silver in manufacturing industry reached 25,925 tons in 2003, up 2.2% year on year, and this trend will continue in 2004.
In the medium and long term, if the price of silver wants to make new achievements, it must break through the key position of $7 per ounce. At present, it needs new impetus.
Some analysts believe that the future change of the US dollar exchange rate is still an important factor in determining the prices of precious metals such as gold and silver. In the case of the depreciation of the dollar, it should be a good choice to buy silver to preserve the value. The weak dollar, the fear of terrorist attacks in the United States and the turmoil in Iraq will comprehensively determine the future price trend of the precious metals market. US Federal Reserve Board officials said that the exchange rate of the US dollar will remain low in the short term, so the situation of high silver prices in the future will not change. From the analysis of technical charts, there is still a chance for silver prices to hit a new high this year.
Domestic silver prices rose and output continued to increase.
Now it is lowered as a whole, but the price of silver will definitely continue to rise throughout the year. It is estimated that the annual average price will remain above $5.25 per ounce. However, billionaire Warren Buffett still holds 65438+300 million ounces of silver, which he bought between 1997 and 1998. Whether he will make a move in 2004 is also a focus of market attention, or he can predict the trend of silver price.
Since the domestic silver market was officially opened in 2000, the price of silver has gradually been in line with international standards. In the early days of opening up, domestic silver prices generally lagged behind the international market for weeks or even months. Now, this price lag is narrowing, China's silver products are constantly exported abroad, and the prices at home and abroad are more and more consistent. Judging from the overall trend of silver prices in the past two years, the overall upward trend of domestic silver prices has not changed. Taking the price of Huatong 2 # silver as an example, Huatong 2 # silver rose from 1.200 yuan/kg in early 2002 to 1.500 yuan/kg at present, and the price of silver in the domestic market rose by 25% in two years.
Due to the serious surplus of domestic silver production, with the expansion of the silver export quota of the Ministry of Commerce in 2004 (the quota was raised from 2,500 tons to 2,700 tons in 2003 to 3,050 tons in 2004), a large amount of silver will continue to be exported in the future. In addition, the demand for silver in domestic jewelry, silver-based alloys and other industries is still growing steadily.
The silver industry is progressing steadily, and the situation of high silver price in the domestic market will not change in the short term, and the domestic silver market is still infinite. It is estimated that the average domestic silver price will be around 1600 yuan/kg this year.
In China, silver is mainly a by-product of copper, lead and zinc. From the production and supply situation, with the substantial growth of domestic lead, zinc and copper production, China's silver production continued to increase last year. According to the data of National Bureau of Statistics and Information Statistics Department of China Nonferrous Metals Industry Association, the output of silver in China reached 3,963 tons in 2003, up 34.47% year-on-year. In addition, due to the liberalization of the silver market in China, the supply and marketing of silver, which was strictly controlled before, has also been liberalized, and new enterprises have entered the field of silver production. In addition, some hidden output has gradually become public, so domestic silver production has increased. It is expected that the situation that China's silver output will continue to increase this year will not change. At the same time, with the rise of international silver price and the surge of domestic silver production, the export volume of silver will continue to grow this year.
At present, there are still some problems in China's silver export, such as single product and primary unwrought silver. Hongkong, India, Thailand, Singapore and Australia are the main countries and regions of China's silver export and re-export. China's silver exports are basically exported directly by silver smelting trade enterprises with quotas through local customs, which is convenient for handling procedures on the one hand and saves intermediate turnover expenses on the other.
It is noteworthy that at present, the trend of scale and collectivization of silver production enterprises in China is increasingly obvious, and brand strategy has begun to be valued by people. In the past, domestic silver enterprises were characterized by small scale and limited brand influence, and the product quality of some small enterprises could not be guaranteed. This year, the domestic silver industry is gradually building and expanding some projects with relatively large investment, and the market shows signs of gradual restructuring.
The silver mine development project of Lingqiu Zhijiadi, a key production adjustment project in Shanxi Province with a total investment of 654.38+0.4 billion yuan, has been officially put into production recently. It is the largest silver smelting base in North China at present, with an estimated annual output value of 70 million yuan. China Yindu Group was established in Yongxing, Hunan. In five years, we will strive to make Yongxing's annual output of silver exceed 2000 tons, gold exceed 10 tons, with an output value of 5 billion yuan and a profit of 65438+ billion yuan. At present, Hong Kong Daxing Smelter Co., Ltd. is building a silver refining and purification plant with Yongxing Shunda Smelter and Yongxing Gold and Silver Recycling Company. Lingbao city Tonggou Gold Mine, Luoyang Yin Hui Metal Smelting Co., Ltd. and Lingbao Gold Co., Ltd. jointly funded the establishment of "lingbao city Tonghui Fine Metallurgy Co., Ltd." recently. After the project is completed, it can process 20 tons of gold and 200 tons of silver annually, and the completed output value will exceed 654.38+0.2 billion yuan and the profit will be 654.38+0.2 million yuan. The relocation project of rare and precious metal factory of Huludao Nonferrous Metals Group in Liaoning Province will also be started in early April. After the completion of the whole project, the output of rare and precious metals factory of Huludao Nonferrous Metals Group will increase greatly, with an annual output of silver 100 tons and gold of 2 tons.
Wide application range and strong consumer demand.
China's silver is mainly used in photosensitive materials, electronic and electrical industries, silver products and jewelry, chemical reagents and chemical materials, of which electronic and electrical accounts for 35%, photosensitive materials account for 20%, chemical reagents and chemical materials account for 20%, handicrafts and jewelry 10%, and others 15%. According to the statistics of Antaike Company, the demand for silver in China reached 1.75 million tons to 1.80 million tons in 2002, with an increase of more than 10%, but the growth rate of consumption was much lower than that of output. In 2003, the domestic demand for silver reached about 1980 tons.
It is believed that the stable demand for silver, especially in the field of jewelry and silver-based alloys, will provide support for the continued prosperity of the domestic silver market.
First of all, silver jewelry is becoming a rapid growth point of jewelry in China. At the beginning of the opening of the silver market, China enterprises manufacturing silverware, silverware and silverware have mushroomed in Jiangsu, Zhejiang, Shanghai and Guangdong. Since 200 1, silver jewelry has become a rapid growth point of Chinese jewelry industry. At present, there are nearly 100 professional manufacturers of silver jewelry in China, mainly in Guangdong, Fujian, Zhejiang, Shanghai and other provinces and cities. Among them, there are thousands of silver jewelry processing enterprises in Guangzhou and Panyu. These enterprises mainly process materials for European and American markets. With the opening of the mainland silver market, they have a strong competitive advantage. According to China Gemstone Association, at present, the amount of silver used for processing silver ornaments and products in China is more than 200 tons every year; There are 40,000 to 50,000 employees in production and operation; The domestic market produces more than 70 million pieces of silver jewelry every year. Obviously, domestic jewelry silver is incompatible with the existing silver production in China and the increasing purchasing power in China. In the future, how to strengthen the deep processing application of silver in jewelry and other fields is a problem that China silver industry must face. At present, many enterprises are interested in or developing silver jewelry products, which will continuously promote the consumption of silver.
Secondly, there is a great demand for silver alloy and its composite materials in China at present, and the annual consumption is 500 ~ 550 tons. According to the statistical data released by Shanghai Electric Apparatus Research Institute (Group) Co., Ltd., the total domestic market for silver alloy materials is about 1. 2 million tons, the total market for silver composite materials is about 1. 0 million tons, and the total amount of silver used is 500-550 tons. The information released by the agency also shows that there are about 200 domestic electrical alloy manufacturers, of which 2 have an output value exceeding 100 million yuan and more than 20 have an output value exceeding 10 million yuan. The total output value of the industry is about 2.5 billion yuan. These data do not include the ultra-fine silver powder needed for contact fittings and electronic paste imported from abroad by foreign-funded enterprises. However, due to the large number of silver-based solder manufacturers, it is difficult to predict the whole product.
In addition, with the improvement of people's lives and the announcement of some encouraging policies, domestic silver consumption may be promoted in the future.
In 2003, the People's Bank of China announced the cancellation of some approvals for the import, export and processing of gold and silver, which was a great benefit for people to consume and process gold and silver and other metals. In addition, it was recently learned from the Economic Operation Department of the Ministry of Information Industry that the "Administrative Measures for the Prevention and Control of Pollution in the Production of Electronic Information Products" being drafted stipulates: "Electronic information product manufacturers should ensure that measures to reduce the production of toxic and harmful substances will be implemented from July 1 2003; Electronic information products listed in the national key supervision catalogue from July 1 2006 cannot contain lead, mercury, cadmium, hexavalent chromium, polybrominated diphenyl ether (PBB) or polybrominated diphenyl ether (PBDE). " Obviously, healthy, safe and beautiful silver will greatly benefit from it. Silver is widely used in electronic and electrical industries. At present, 35% of silver consumption is used in electronic and electrical industries. In the electronic industry, it is mainly used for silver composite materials, ultrafine silver powder, bright silver powder, and various electronic pastes (conductor paste, resistor paste, capacitor electrode paste, high-temperature sintered silver paste, low-temperature solidified silver paste), solder, silver electroplating, silver-based electrical contact materials, fuses, potentiometers, sensors, batteries, etc. If the process research is strengthened and the cost is reduced, silver can completely make up for the space after some metals are banned, and the application prospect of silver is broad.
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