According to SMM survey, domestic #1 silver output in May stood at 1,399.707 mt (including 1,050.707 mt of silver produced with ore), an increase of 4.9% month-on-month and 16.6% year-on-year.
The month-on-month increase in output is due to two factors: 1. The silver content in the raw material ores changed. 2.Smelters purchased raw materials as the price of silver fell in the second half of May. Output at some plants fell due to closures for maintenance. Overall, the number of companies whose output increased in May and the output growth both exceeded the number of companies whose output decreased and the output declines.
More popular news:
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
Global Manufacturing PMI Continued To Fall In May, Points To Downturn In Global Economy
Glencore to Aggressively Expand Copper Capacity
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge
![[Análisis de SMM] Las importaciones de plata de India se ven afectadas por el endurecimiento de las políticas, pero la demanda festiva ofrece un atisbo de esperanza](https://imgqn.smm.cn/usercenter/gePcx20251217171735.jpg)
