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Silver Wheaton Corp. Message Board

  • sharpie3444 sharpie3444 Feb 11, 2014 9:08 AM Flag


    Silver demand from India's gigantic solar plant to exceed 20 million ounces a year

    India is about to build the world’s largest solar plant in the northern state of Rajastan. The 4,000 megawatt capacity plant is expected to raise the silver demand in the country substantially. The annual silver demand from the plant is estimated at nearly 20 million ounces per year. In other words, the silver demand from photovoltaic (PV) cells will jump by nearly 40% from the 50 million ounces recorded in 2013.

    According to estimates, the proposed solar plant will occupy 77 square kilometers of land that has already been earmarked near Sambhar Salt Lake. The cost of the project is estimated to be around $4.4 billion. A consortium of six state-owned energy companies is in charge of the construction activities. The estimated life of the plant is around 25 years.

    India’s plans to make big investments in solar power panels may take the silver photovoltaic (PV) demand to record new heights. The big push in silver demand is expected to drive the grey metal prices to substantially higher levels in the years to come. The future of PV demand lies in emerging countries in the East such as China and India. Japan is also poised to make big leaps forward in use of solar energy, which in turn may accelerate demand growth and push silver prices higher.

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    • Wonder if the 20 million oz. per year is in the construction or in the operation.. Id think that would just be during the construction. time but this could only be the beginning. Lots of advancement in the solar cell efficiency and massive storage batteries ..I keep getting e-mail from stock newsletters about some little company that has a blacker than black product thats suppost to increase cell efficiency by 50 %..

    • Manipulation of Comex gold "very visible," Rickards tells Epoch Times

      Fund manager and author James G. Rickards tells The Epoch Times last Friday that "outright manipulation" is "very visible" in Comex gold futures prices.

      "Between central bank manipulation through Comex futures and bullion banks dumping the physical and by cleaning out the GLD warehouse and the Comex warehouse for that matter," Rickards says, "there is a massive amount of gold that came on the market over and above normal supply trends, putting massive selling pressure on the Comex."

      But the trend of investors to move gold from investment banks, where it can be "rehypothecated" to oblivion, to ordinary vaults outside the banking system is tightening the gold supply, Rickards adds.

    • Sprott's Thoughts: John Embry---Silver to $100 within "Reasonable Time Frame"

      J.E. - That is an interesting story because we believe that JP Morgan is likely the main entity that has suppressed the silver price in the paper market. But now we are hearing that they may have accumulated a large position in the physical metal. To be honest, it is hard to know what to make of it.

      The silver price is grotesquely undervalued so I have to congratulate JP Morgan if they are clever enough to sell paper and buy real silver. Before this is over, there is probably going to be a force majeure in the paper market because there are so many claims to such a small amount of silver. If that were to occur, people who owned the metal or even exchange-traded products that have a real claim to the metal would be the big winners.

      When this comes to light, I think the upside to the silver price will be incredible. My colleague Eric Sprott and I think that within a reasonable time frame silver will probably trade over 100 dollars – a big move from its current price of 20 dollars an ounce.

20.17+0.43(+2.18%)May 1 4:02 PMEDT