A silver storm is sweeping across the globe. Starting on January 1, China has raised its export control over silver to the same regulatory level as rare earths. This move, highlighting strategic intentions, has raised concerns in the industry. The global market has characterized this as China “weaponizing” silver, using it as leverage in the ongoing US-China trade and technology battles. From rare earths to silver, the Chinese government is once again disrupting global supply chain stability.
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