Topic: Solid State Battery

Silver prices have reached $71 an ounce, driven by massive industrial demand from companies like BYD and Samsung. BYD, the world's largest EV manufacturer, is reportedly using one kilogram of silver per unit for its new solid-state batteries. This industrial shift, combined with Samsung's silver-core battery technology, is expected to consume a significant portion of the global silver mining supply.

Industrial demand for silver is surging, with Samsung developing a solid-state battery that can fully charge an electric vehicle in nine minutes. China is projected to consume 12,000 tons of silver in 2025 solely for EV and solar applications, nearly 60% of the total global supply from the previous year. Dr. Kirk Elliott warns of a massive supply chain disruption as 70% of silver is mined only as a byproduct of other metals.

Dr. Kirk Elliott discusses Samsung’s breakthrough in solid-state battery technology, which uses silver to achieve a 600-mile range and a nine-minute charge. This innovation is expected to create a massive surge in silver demand, as each battery requires approximately one kilogram of the metal. The technology is described as a "mega game changer" for the automotive and energy storage industries.

Economist Dr. Kirk Elliott joins the show to discuss the record-breaking surge in gold and silver prices. The discussion centers on Samsung's development of a new solid-state battery for electric vehicles that requires one kilogram of silver per unit. Elliott explains that this technological shift, combined with military and solar demand, could lead to a global silver shortage by 2025.