Full Breakdown
Morocco Joins Global Ranks of Top Silver Producers
6/18/2026, 1:46:46 PM
Morocco Enters Global Top Silver Producers
Morocco produced 12 million ounces of silver in the most recent reporting period, equivalent to roughly 373 metric tonnes. This output placed the country among the world’s largest silver producers in a ranking compiled by Visual Capitalist, making Morocco the sole African nation featured on the list. The achievement highlights Morocco’s emergence as a notable player in a market traditionally dominated by a handful of countries.
Context of Global Silver Production
The global silver market remains heavily concentrated. Mexico led production with 173 million ounces, followed by Peru at 131 million ounces and China at 113 million ounces. North America contributed approximately 219 million ounces, while South America added about 246 million ounces, together accounting for the majority of worldwide output. For five consecutive years, global demand for silver has outpaced supply, generating persistent deficits and tightening market conditions.
Production Data and Regional Share
Morocco’s 12 million-ounce output represents nearly 50 % of Africa’s total silver production, establishing the nation as the continent’s undisputed leader in the sector. Within the Middle East and North Africa (MENA) region, Morocco accounts for roughly 95 % of total silver extraction and 86 % of regional silver consumption. These figures underscore the country’s dominant position across both the African continent and the broader MENA market.
Strategic Implications for Investors and Industry
The concentration of silver supply among a limited number of producers heightens the relevance of each major output source for investors monitoring supply-risk exposure. Morocco’s ascent adds a new, geographically distinct source of supply, potentially diversifying risk for market participants focused on the MENA and African regions. The ongoing supply deficit amplifies the strategic value of any incremental production, positioning Morocco as a focal point for stakeholders assessing future market balance.
Outlook and Market Pressures
Analysts note that the sustained gap between demand and supply exerts pressure on existing producers to expand output. Morocco’s recent performance suggests capacity for further growth, though the source provides no specific projections. Continued monitoring of Morocco’s production trends will be essential for understanding how the country’s role may evolve amid a tightening global silver market.
