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Story summary
- Silver prices have surged to record highs as demand from solar energy and electric vehicles rises.
- China will require export licenses for silver from January 1, 2026, restricting access to a metal it controls about 60–70% of globally.
- Elon Musk warned that these restrictions could impact manufacturers reliant on silver for industrial processes.
- Despite rising prices, 2024 silver production grew only 0.9%, underscoring ongoing supply constraints.
