Musk Comments On Silver Costs

Benzinga

Elon Musk warned that China’s planned silver export restrictions could disrupt global supply chains, raise prices, and increase costs across industries that rely on silver for electronics and clean energy.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Elon Musk warned about the potential impact of China's planned restrictions on silver exports.

00:08He was responding on X to a post discussing new licensing requirements

00:11set to take effect January 1, 2026.

00:15Musk said the move is not good, noting that silver is needed in many industrial processes.

00:21Silver is a key material in electronics, medicine, and renewable energy

00:25due to its high electrical and thermal conductivity and chemical stability.

00:30China's planned silver export restrictions could disrupt global supply chains,

00:34drive up prices, and raise production costs across multiple industries.

00:38Musk's comments drew attention to the role silver plays across industries

00:41and the risks posed by tighter export controls.

00:44For all things money, visit Benzinga.com.

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