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Samsung develops new solid-state battery using SILVER as major component, will nearly double...
• https://www.naturalnews.com, Kevin HughesSamsung has developed a new solid-state (SS) battery using silver as a major component. A solid-state battery is an electrical battery that uses a solid electrolyte for ionic conductions between the electrodes, instead of the liquid or gel polymer electrolytes.
This means the demand for silver is likely to increase soon.
"The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety. Samsung's new solid-state battery technology, incorporating a silver-carbon (Ag-C) composite layer for the anode, exemplifies this advancement," said retired investment professional Kevin Bambrough.
Silver has exceptional electrical conductivity and stability
Silver's exceptional electrical conductivity and stability are leveraged to enhance battery performance and durability, achieving amazing benchmarks like a 600-mile range and a 20-year lifespan and nine-minute charge.
Bambrough mentioned that while official figures are presently unavailable, the estimates show that there could be as much as five grams of silver per cell in Samsung's solid-state batteries which means "a typical EV battery pack containing around 200 cells for a 100kWh capacity could require about one kilogram of silver per vehicle."
"With global car production standing at about 80 million vehicles per year, if 20 percent of these vehicles (16 million EVs) were to adopt Samsung's solid-state batteries, the annual demand for silver would be around 16,000 metric tons," Bambrough noted.
"This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually, highlighting the substantial impact on the silver market."
This presents a bullish trajectory for silver. Bambrough noted that silver is already in a deficit with industrial demand from the solar industry driving total yearly consumption ahead of supply.