Silver set to soar on Samsung’s solid-state battery breakthrough – analysts

Kitco news ^ | 8/19/24 | Jordan Finneseth

[CFW]

(Kitco News) – Gold has had a breakout year as the yellow metal surged to new heights above $2,500 while its grey counterpart, silver, has struggled to keep pace, but that could soon change, according to one analyst, as silver demand is expected to increase thanks to one new technological development from Samsung.

According to retired investment professional Kevin Bambrough, Samsung has developed a new solid-state (SS) battery. The inclusion of silver as a key component, combined with the increasing demand for electric vehicles, means that demand for the grey metal will soon increase.

“The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety,” Bambrough said. “Samsung's new solid-state battery technology, incorporating a silver-carbon (Ag-C) composite layer for the anode, exemplifies this advancement. Silver's exceptional electrical conductivity and stability are leveraged to enhance battery performance and durability, achieving amazing benchmarks like a 600-mile range and a 20-year lifespan and 9-minute charge.”

[snip]

“With global car production standing at about 80 million vehicles per year, if 20% of these vehicles (16 million EVs) were to adopt Samsung's solid-state batteries, the annual demand for silver would be around 16,000 metric tons (16 million vehicles * 1 kg of silver per vehicle),” Bambrough said. “This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually, highlighting the substantial impact on the silver market.”

[snip]

According to a report written by Enrico Punsalang at Ride Apart, Samsung is already working with big automakers to incorporate its SS battery tech into EVs in development. The firm has signed an agreement with Toyota to begin mass production of SS batteries in 2027, with Lexus vehicles scheduled to be among the first to integrate the new technology.

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TOPICS: Business/Economy; Culture/Society; Front Page News; Miscellaneous
KEYWORDS: conductivity; electriccars; gold; jordanfinneseth; kevinbambrough; preciousmetals; samsung; silver

[CFW]

Interesting article here on silver and EV battery tech.

[Governor Dinwiddie]

I long for the time when if I had a couple silver quarters and a couple silver dimes
in my pocket, I felt like a rich man. But then came Lyndon Johnson. I spit on his grave.

[Gene Eric]

“hey, we’ve stumbled upon this breakthrough in the labs... let’s coordinate the investment beneficiaries”

[CFW]

“I long for the time when if I had a couple silver quarters and a couple silver dimes
in my pocket, I felt like a rich man. But then came Lyndon Johnson. I spit on his grave.”

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You used to occasionally still receive silver dimes in change. My mother managed a retail clothing store until retirement and she would “buy” any silver from the change drawer. Now the only time you might see silver is when some idiot robs his grandma or neighbor and spends it to buy a pack of Newport and the clerk is clueless about its value. The last time I received a silver dime in change was about 10 years ago.

[jimtorr]

.....begin mass production of SS batteries in 2027.......

In other words, this "new" battery technology is not yet ready for prime time. Just like all other "breakthroughs". that have been announced over the past 10 years.

[Revel]

Even if this panned out it does not solve major problems. Such as there is not even close to enough electricity capacity necessary to charge a lot of them. And most of that energy comes form fossil fuels.

To many details not given like battery weight. Fire potential. Cold/Heat functionality.

[ProtectOurFreedom]

“...combined with the increasing demand for electric vehicles”

Sounds like the author is out of touch. There’s a big difference between organic market demand and top-down government diktat.

[Paladin2]

Isn’t fusion just 10 years away?

[Organic Panic]

Silver in 2010s about 45 an ounce. Silver today about 29 an ounce.

A crap investment if one thinks silver holds value.

[Does so]

“You used to occasionally still receive silver dimes in change.”
.

My supermarket installed machines to convert one’s loose change to paper money. (Less a “fee”).

I sadly watched as thousands of unexamined silver-colored coins were fed into that great maw.

:(

[Beagle8U]

Silver coins are rare in pocket change but copper pennies are common.

Pre 1982 copper pennies are worth 2 1/2 cents each for the copper value!

[roadcat]

The last time I received a silver dime in change was about 10 years ago.

Once in a while I would come across a silver nickel minted during WWII. But that ended between 5 to 10 years ago when the bank wouldn’t have any rolls of coins to hand out.