SHANGHAI, Feb 9 (SMM) - According to SMM survey, domestic silver output stood at 1,261.515 mt (including 1,145.515 mt of mineral silver) in January 2023, down 10.8% on the month.
In terms of increase, some enterprises ramped up the production along with the increase in the raw material supply, while some enterprises resumed normal production after they cut the output on completing production target in December. The reasons for the decrease in output include the CNY holiday and maintenance. In general, the decrease in output outweighed the increase, so the silver output showed a downward trend.
SMM expects that silver output will pick up slightly in February with the production resumption and completion of maintenance.
