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Global Refined Silver Capacity 2024

The global refined silver capacity is concentrated and opaque, with China accounting for a significant share of the refined output, and the available reporting flags refinery bottlenecks and a meaningful lag between demand shocks and new capacity coming online.

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Jan 28, 2026
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How much refined silver refining capacity exists by country and how quickly can new refining capacity be brought online?

is concentrated and opaque: industry commentary places total refining throughput at roughly 1.3 billion ounces per year across a few dozen major refineries, with accounting for an outsized share — com...