Exclusive: China and LATAM Silver Part 1

Crowding Out the Competition

GoldFix’s Vince Lanci and Arcadia Economic’s Chris Marcus recently had a conversation with a LATAM mining executive discussing Silver’s supply-chain dynamics from a miner’s perspective. During that conversation unexpected but important corroboration was given regarding about China’s side of that supply-chain. The final result is a two-part post which pieces together the LATAM/China connection.

Contents: 1000 words

1. Bottom Line: Supply-Demand Economics

2. Background: China Wants the Silver

3. China’s Trade Negotiation Style

4. Trinidad and Tobago: From Oil to Infrastructure

5. Argentina: Yuan for Dollars

6. Part 2 overview

7. Bonus: MS comments on Kamala Harris as Trump’s new opponent

1- Bottom Line: Supply-Demand Economics

1. According to Mainland China sources: China is buying unrefined Silver concentrate from LATAM miner/refiners, something infrequently done except briefly during times of acute supply/demand imbalances.

2. From LATAM mining sources: China is paying refined prices for unrefined Silver Concentrate, spending as much as $200 more a ton for each load of material.