Silver consumption exceeds 2,000 Tons For Just One Industrial Region in China. There are over 15,000 industrial parks of various industries in China mainland as of October 2019.
A more precise number is provided in the MIT News article, which states that in recent decades China has built 1,417 large industrial parks in and around 276 cities.
So in summary, while there are over 15,000 industrial parks in China, the number of large industrial parks is around 1,400.
The large parks are concentrated in 276 cities, mostly in the more developed eastern coastal regions in earlier years, and later expanding to inland areas.
Sources
https://news.mit.edu/2020/china-industrial-parks-1207
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9690449/
https://en.wikipedia.org/wiki/Category:Industrial_parks_in_China
https://www.mdpi.com/2071-1050/14/9/5175
https://www.cdht.gov.cn/gaoxin/c141902/2022-10/28/content_489e1e7c5a4941e99b16586160e52b42.shtml
Extrapolating:
32,000 ounces per each ton multiplied by 2,000 tons equals 64,000,000 ( for1 industrial park)
According to sources above China has built 1,417 large industrial parks in and around 276 cities.
64,000,000 ounces multiplied by 1,417 equals 90,688,000,000 ounces of silver
We’re just extrapolating here. I will check the math over and over
According to Metals Focus annual silver production equals 830 Million (avg)
830 Million ounces minus China’s 90,688,000,000 would be a deficit of (ask Chat GPT)
To find the difference between 830 million ounces (Metals Focus Silver mining average) and China's extrapolating 90,688,000,000 ounces, we first need to convert 830 million ounces into the same unit as China's ounces.
830 million ounces equals 830,000,000 ounces.
Then, we can subtract China's ounces from this:
830,000,000 - 90,688,000,000 = -89,858,000,000
So, the difference is -89,858,000,000 ounces.
Does this mean the headline should be we have a silver deficit of 89.9 Billion ounces of Silver? or should we just all now admit that Metals Focus or any source could never take on the task of counting up all the silver because China is not going to reveal their Silver mining data right?
The Silver Academy will just continue to Call Bullshit on The Scam that is the Silver Institute.
Big Data Industrial Park (1.5 sq km): Construction of an intelligent digital platform based on cloud computing to serve Northeast China.LARGE SILVER USE
Northeast Asian Green Health Industrial Park (8 sq km): Development of elderly care, tourism, sports and healthcare industries.MODERATE SILVER USE
High-end Equipment Manufacturing Industrial Park (6 sq km): Research and development of logistics equipment, aerospace equipment, sports equipment and robots.LARGE SILVER USE
International Education and Information Industrial Park (13 sq km): Construction of an international college town.MODERATE SILVER USE
Biomedical Industrial Park (2 sq km): Development of biological vaccines and modern Chinese medicine.MODERATE SILVER USE
New Energy Vehicles Industrial Park (2.5 sq km): Construction of a base for the whole industrial chain of new energy vehicle manufacturing.LARGE SILVER USE
General Aviation Industrial Park (7.5 sq km): Construction of a diverse industrial base for the aviation industry.LARGE SILVER USE
Modern Agricultural Industrial Park (15 sq km): Development of intelligent agriculture and high-tech food safety industry.MODERATE SILVER USE
Airport Industrial Park (10 sq km): Development of air travel and logistics.MODERATE SILVER USE
Aerospace Information Industrial Park (0.2 sq km): Production of satellites and unmanned aerial vehicles, processing of information products.LARGE SILVER USE
“Gold's price stability is not solely determined by futures margin requirements at the SFE or COMEX. The true price discovery occurs at the non-VAT Shanghai Gold Exchange (SGE) or ShanghaiX, where physical delivery is the key factor, ensuring a steady price for gold.
As the price divergence between paper and real continues, the physical flow of gold and silver from West to East for profit amplifies, especially for silver, which consistently maintains a premium above 10% due to robust global demand. -paraphrased from Jamie Carrasco
(20min delay)
