If 20% of the global car production (approximately 16 million vehicles) adopts this technology, the annual silver demand could reach 16,000 metric tons.
That's quite reasonable cost-wise. It's worth mentioning that potential future silver demand 16,000 metric tons compares with 26,000 metric tons estimated global production of silver in 2023.
1 kilogram of silver is about 35 ounces of silver. $27 per ounce that,s under $1000.00 per car. The original headline did say one kilo , kilo is short for kilogram
That's quite reasonable cost-wise. It's worth mentioning that potential future silver demand 16,000 metric tons compares with 26,000 metric tons estimated global production of silver in 2023.
That would cost nearly $1,000,000 USD for 1,000 Kg silver in the battery. It would have to use much less silver to be practical.
1 kilogram of silver is about 35 ounces of silver. $27 per ounce that,s under $1000.00 per car. The original headline did say one kilo , kilo is short for kilogram