Posted on 08/20/2024 10:25:50 PM PDT by 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.
(Excerpt) Read more at kitco.com ...
“Silver in 2010s about 45 an ounce. Silver today about 29 an ounce.
A crap investment if one thinks silver holds value”
Not everyone bought at $45. I only have a paltry 55 ounces in Eagles but at $20 circa 2014. Like all investments timing is everything.
It’s been 10 years away for the last 50 years.
CC
1 kg is 35 oz. At $30/oz, that is $1050 per car. These batteries could be the new catalytic converters in terms of theft.
Warp 1 is the speed of light I think so if so your data is accurate. They say warp factor 1 sometimes too so who knows for sure.
If these new fangled batteries don’t catch fire which seem impossible to put out that would be great.
Gold & Silver Ping List!
Graphene technology is likely the future of energy storage technology.
Did a bit of exploratory research in the area back in the day and the energy densities achievable are pretty astounding, as are the charge rates and battery stability
No matter what the materials are, ampere hours OUT will still equal ampere hours IN. The math is NOT going to be changed.
How much CURRENT is going to flow in 9 minutes?
And you think catalytic convertors are stolen now. Just wait!
There is plenty of historical evidence around that proves 'investors' don't know much of anything!
GMTA!
The *price* of silver in terms of dollars is made of two components:
1. Physical above-ground silver
2. Derivatives, paper silver
Ratios vary, but the ounces of derivatives is hundreds of times the ounces physical. According to USDebtClock.org, the dollar to physical silver ratio is $446/ounce.
And yet, good luck getting an EV repaired. Still not ready for prime time.
“1 kg is 35 oz. At $30/oz, that is $1050 per car. These batteries could be the new catalytic converters in terms of theft.”
And that is probably exactly what will happen.
No one ever takes into consideration the nature of man when they have their grand ideas.
I’ll be glad when we return to drill, baby drill. Let’s return to the time of Dodge Chargers and Mustangs and ICE cars and trucks that don’t randomly burst into flames.
Come to the off-world colonies!
Ice packs? We’ll just go at night😁<AOC
When it’s on the shelf at walmart, then I’ll believe.
If how the Samsung battery works so well is true, it may prove to be more than the markets can economically handle. Silver ranks 68th in abdundance and any really big demand on silver will raise silver prices alot and maybe raise them enough to make Samsung’s invention too expensive.
Woohoo!!
I bet it’s not as fast as Ludicrous speed. https://www.youtube.com/watch?v=ygE01sOhzz0
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