Demand for silver in China and India is up 30% in 2011 and set to rise 40% in 2012

Albanian Minerals President and CEO Sahit Muja said “Silver demand in China and India is set to rise 40 per?ent in 2012″.

China said its net imports of silver nearly quadrupled to more than 3,500 metri? tons in 2010, boosted by sharp in?reases in demand by the industrial se?tor and the jewelry industry.

Silver demand in China and India has in?reased sharply in re?ent years as more investors use silver as a store of value.
About 70% of China’s silver demand ?omes from the industrial se?tors.

Silver is widely used in the produ?tion of ele?troni? produ?ts,jewelry, industrial produ?tion, su?h as medi?al, solar power and water purifi?ation industries.

China is the world’s largest produ?er of solar power and ele?troni?s.

Demand for silver in China and India is up 30 per?ent in 2011.
In 2010 India ?onsumed about 2,800 tonnes of silver.

In 2012 silver  ?onsumption in India is expe?ted to rise to 5,000 tonnes, a??ording to Albanian Minerals  President and CEO Sahit Muja .

Silver investments in India is mostly from rural areas, whi?h a??ount for 70 per?ent of the ?ountry’s 1.2 billion population
The total global produ?tion of silver was 29,000 tons in 2010.

Indian and Chinese investors are buying more silver to hedge market losses.
While global  markets have been un?ertain in 4 years silver has been an ideal investment and has provided huge returns to investors.

Silver buying in China and India is set to rise 40 per?ent in 2012. The industrial demand is one of the fa?tors affe?ting the pri?es of and silver in China and India.

Devaluation of the dollar, e?onomi? problems, politi?al tensions, inflation, and ex?hange rates are other fa?tors that have also ?ontributed on rising silver pri?es.

Source: Albanian Minerals