In August, Samsung introduced a game changing battery technology that benefits both electric vehicles and silver. Details are here.
It needs economies of scale to be reasonably priced for regular EV cars in time.
However, "the firm has signed an agreement with Toyota to begin mass production of Solid State batteries in 2027, with Lexus vehicles scheduled to be among the first to integrate the new technology."
Benchmark Outlook
Improvements in battery life and safety at all levels will gain momentum over the next few years and bears watching.
Silver's longer term prospects and price projections for 2025 and beyond are now greatly improved with this development.
In addition, silver above ground supply overhang and recycle inventory are coming down big time, according to a very respected silver analyst. This also supports Benchmark's Firepower price and trend projections.
11/12/24
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