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Musk sounds alarm on silver as China restricts exports needed for critical industrial processes

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20 hours ago

Tesla CEO Elon Musk is raising alarm over surging silver prices as China prepares to impose new export restrictions on the precious metal.Musk responded to a post on his X social media platform that noted China will begin requiring government licenses for companies to export silver from the country starting on January 1."This is not good. Silver is needed in many industrial processes," the Tesla CEO said.Silver prices have surged to record high prices this year after it was designated a critical mineral by the U.S. government amid supply shortages and rising demand from industrial users as wel...

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