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'China Set to Cut Silver Exports' expats


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China Set to Cut Silver Exports

-- expats
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11/15/11 18:13
Gold Mine

China Set to Cut Silver Exports

Thank author of this post/commentIn a move that analysts say could boost silver prices, China is expected to cut silver exports by 5% in 2012 , a drop of 283 tons from the 5,670 tons sent abroad in 2011, reports Mineweb. It quotes a Mumbai silver dealer predicting that "With the commerce ministry in China restricting silver exports, it would create a highly volatile situation in the global market." And while roughly 70% of the country's silver demand comes from the industrial sector, analysts say that "demand is also coming. .

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