Mining
Silver: The Undercover Super Metal
Silver: The Undercover Super Metal
Silver has a reputation for being gold’s less desirable sister, but make no mistake, silver may still be a golden opportunity to invest in.
You might be surprised to know that silver plays a part in many everyday things you use, especially electronics. Silver has the highest electrical and thermal conductivity of all metals. The use of silver is very prevalent in the photography, consumer electronics, medical, and high tech industries.
A huge future super consumer of silver will be the green technology sector. The primary technology that converts the energy of light into electricity in solar panels is solar cells, also known as photovoltaic cells. Silver is the primary ingredient used in these cells; depending on the type, up to 90% of the cell may be silver. Future silver consumption by the solar energy industry is estimated to be 100 million ounces by 2015.
Another area silver may be set to gain steam is in batteries. Lithium ion batteries were first commercialized over 20 years ago by Sony, which makes them very old from a tech perspective. Many concerns have also been raised about their safety. Some research is showing that silver oxide and silver-zinc batteries might be a substitute. Imagine if a company such as Tesla switched to using silver as a main component of their batteries. Hint: they just ordered 2 billion automotive-grade lithium ion cells from Panasonic.
Original graphic from: sbcgold.com
Energy
Visualizing U.S. Consumption of Fuel and Materials per Capita
Wealthy countries consume large amounts of natural resources per capita, and the U.S. is no exception. See how much is used per person.

Visualizing U.S. Consumption of Fuel and Materials per Capita
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Wealthy countries consume massive amounts of natural resources per capita, and the United States is no exception.
According to data from the National Mining Association, each American needs more than 39,000 pounds (17,700 kg) of minerals and fossil fuels annually to maintain their standard of living.
Materials We Need to Build
Every building around us and every sidewalk we walk on is made of sand, steel, and cement.
As a result, these materials lead consumption per capita in the United States. On average, each person in America drives the demand of over 10,000 lbs of stone and around 7,000 lbs of sand and gravel per year.
Material/Fossil Fuel | Pounds Per Person |
---|---|
Stone | 10,643 |
Natural Gas | 9,456 |
Sand, Gravel | 7,088 |
Petroleum Products | 6,527 |
Coal | 3,290 |
Cement | 724 |
Other Nonmetals | 569 |
Salt | 359 |
Iron Ore | 239 |
Phosphate Rock | 166 |
Sulfur | 66 |
Potash | 49 |
Soda Ash | 36 |
Bauxite (Aluminum) | 24 |
Other Metals | 21 |
Copper | 13 |
Lead | 11 |
Zinc | 6 |
Manganese | 4 |
Total | 39,291 |
The construction industry is a major contributor to the U.S. economy.
Crushed stone, sand, gravel, and other construction aggregates represent half of the industrial minerals produced in the country, resulting in $29 billion in revenue per year.
Also on the list are crucial hard metals such as copper, aluminum, iron ore, and of course many rarer metals used in smaller quantities each year. These rarer metals can make a big economic difference even when their uses are more concentrated and isolated—for example, palladium (primarily used in catalytic converters) costs $54 million per tonne.
Fuels Powering our Lives
Despite ongoing efforts to fight climate change and reduce carbon emissions, each person in the U.S. uses over 19,000 lbs of fossil fuels per year.
Gasoline is the most consumed petroleum product in the United States.
In 2021, finished motor gasoline consumption averaged about 369 million gallons per day, equal to about 44% of total U.S. petroleum use. Distillate fuel oil (20%), hydrocarbon gas liquids (17%), and jet fuel (7%) were the next most important uses.
Reliance on Other Countries
Over the past three decades, the United States has become reliant on foreign sources to meet domestic demand for minerals and fossil fuels. Today, the country is 100% import-reliant for 17 mineral commodities and at least 50% for 30 others.
In order to reduce the dependency on other countries, namely China, the Biden administration has been working to diversify supply chains in critical minerals. This includes strengthening alliances with other countries such as Australia, India, and Japan.
However, questions still remain about how soon these policies can make an impact, and the degree to which they can ultimately help localize and diversify supply chains.
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