Silver Mining Market by Reserves and Production, Assets and Projects, Demand Drivers, Key Players and Forecast, 2022-2026
Silver Mining Market Report Overview
The global silver production was valued at 884.5 million ounces (moz) in 2021. The market is expected to grow at a CAGR of more than 1% during the forecast period. Overall, anticipating slight impacts to the global supply chain due to the Russia-Ukraine war, global silver mine production is expected to grow.
Silver Mining Market Overview 2021-2026 (moz)
However, major declines are anticipated from Peru and Russia. Mine production in Peru will be impacted due to strikes and protests that remain a potential ongoing risk for the country’s mining industry. Growth will be supported by increased output from Mexico, China, and Peru.
| Market size (2021) | 884.5 moz |
| CAGR | >1% |
| Forecast period | 2022-2026 |
| Key countries | Mexico, China, Peru, Australia, Poland, Chile, Bolivia, Russia, the US, Argentina, India, Kazakhstan, Canada, and Brazil |
| Key active mines | Sindesar Khurd Mine, Fankou Mine, Jiama Mine, Ying Mine, Rampura Agucha Mine, Martabe Project, Zawar Mine, Ashele Mine, Shanggong Gold Mine, and Dexing Mine |
| Leading silver producers | Industrias Penoles SAB de CV, KGHM Polska Miedz, Glencore, Pan American Silver Corp., Hindustan Zinc Ltd, Polymetal International, Southern Copper Corp., First Majestic Silver Corp., Compania De Minas Buenaventura SAA, and Hochschild Mining Plc |
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Silver Mining Market Segmentation by Country
Mexico was the world’s largest producer of silver in 2021, followed by China, Peru, Australia, Poland, Chile, Bolivia, Russia, the US, Argentina, India, Kazakhstan, Canada, and Brazil.
Silver Mining Market by Country, 2021 (%)
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Silver Mining Market – Top Active Mines
Some of the key active mines in the silver mining market are Sindesar Khurd Mine, Fankou Mine, Jiama Mine, Ying Mine, Rampura Agucha Mine, Martabe Project, Zawar Mine, Ashele Mine, Shanggong Gold Mine, and Dexing Mine.
Silver Mining Market – Competitive Landscape
The world’s leading silver producers are Industrias Penoles SAB de CV, KGHM Polska Miedz, Glencore, Pan American Silver Corp., Hindustan Zinc Ltd, Polymetal International, Southern Copper Corp., First Majestic Silver Corp., Compania De Minas Buenaventura SAA, and Hochschild Mining plc.
Industrias Penoles SAB de CV: Industrias Penoles SAB de CV (Penoles) is an integrated mining company which identifies, explores, and develops mineral properties. Penoles carries out the exploration of gold, silver, zinc, lead, copper, bismuth, and other metals. It operates mines in Mexico such as Saucito, San Julian, Fresnillo, Tizapa, Cienega, Sabinas, Herradura, Velardena, Capela Polymetallic, and Noche Buena. It also operates mines in Chile and Peru.
KGHM Polska Miedz: KGHM Polska Miedz SA stood as the second largest silver producer in the world. Besides silver, the company also produces copper, gold, palladium, platinum, and refined lead. It operates the Rudna, Polkowice-Sieroszowice, Lubin, and Sierra Gorda mines.
Glencore Plc: Glencore plc is the third largest silver producer in the world. The company is headquartered in Switzerland. It operates across three segments, namely metals and minerals, energy, and agriculture. The company produces several minerals, such as copper, cobalt, zinc, nickel and ferroalloys, and markets aluminum/alumina and iron ore from third parties.
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Scope
- An overview of the global silver mining industry including key demand driving factors affecting the global silver mining industry.
- Detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration, and development projects.
Reasons to Buy
- Comprehensive evaluation of the impact of COVID-19 on global silver industry.
- To gain an understanding of the global silver mining industry and relevant driving factors.
- To understand historical and forecast trend on global silver production.
- To identify key players in the global silver mining industry.
- To identify major active, exploration and development projects by region.
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The global silver production was valued at 884.5 million ounces (moz) in 2021.
The global silver mining market is expected to grow at a CAGR of more than 1% during the forecast period.
The countries producing silver are Mexico, China, Peru, Australia, Poland, Chile, Bolivia, Russia, the US, Argentina, India, Kazakhstan, Canada, and Brazil.
Some of the key active mines in the silver mining market are Sindesar Khurd Mine, Fankou Mine, Jiama Mine, Ying Mine, Rampura Agucha Mine, Martabe Project, Zawar Mine, Ashele Mine, Shanggong Gold Mine, and Dexing Mine.
The world’s leading silver producers are Industrias Penoles SAB de CV, KGHM Polska Miedz, Glencore, Pan American Silver Corp., Hindustan Zinc Ltd, Polymetal International, Southern Copper Corp., First Majestic Silver Corp., Compania De Minas Buenaventura SAA, and Hochschild Mining plc.
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