The global silver production was 884.5 million ounces (Moz) in 2021. Overall, anticipating slight impacts on the global supply chain due to the Russia-Ukraine war, the silver mining market is expected to grow at a CAGR of more than 1% during the forecast period. The silver mining market growth will be supported by increased output from Mexico, China, and Peru.
The Silver Mining Market Research Report 2022-2026 offered by GlobalData Plc provides an overview of the global silver mining industry including key demand driving factors affecting the global silver mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration, and development projects.
Peru had the world’s largest silver reserves of the global total as of January 2022. Silver deposits are mainly located in the Peruvian provinces of Arequipa, Tacna, Junin, and Moquegua regions. Silver is available in the form of epithermal, carbonate replacement and skarn deposits.