Mexico, Apr. 13 (Notimex).- For the eighth consecutive year, Mexico ranked as the world's leading silver producer, achieving a volume of 196.4 million ounces in 2017.
GFMS Thomson Reuters' main metal demand analyst, Johan Wiebe, said production grew 10.1 million ounces, due to an increase in the San Julián mines, the Fresnillo plc and Peñasquito mines of the Goldcorp company.
In a statement, the Canimex reported that after Mexico, the countries that produced the most silver in 2017 were Peru, China, Russia and Chile, with 147.5, 112.6, 42 and 40.5 million ounces, respectively.
The expert said that in 2017 world production of silver stood at 852.1 million ounces, which meant a drop of 4.1 percent, equivalent to 36.5 million ounces.
However, the demand increased especially in the industrial sector and for applications in equipment for the generation of photovoltaic energy in China, Japan and the United States, as well as the manufacture of jewelry.