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Silver Shortage & Force Majeure
CPM Group’s Jeffrey Christian discusses recent developments in the silver market. Central to the conversation is the strike and subsequent Force Majeure declaration at the Penasquito mine in Mexico, a major global silver producer. The video explores the potential impact of such incidents on the broader silver market, especially given Mexico’s pivotal role in silver production.
The term ‘Force Majeure,’ often used in contracts to denote unforeseen circumstances, is elaborated upon. As Mexico undergoes changes in its regulatory approach towards foreign mining companies, the global silver market might experience ripple effects. These evolving dynamics, combined with union activities and regulatory changes, hint at potential challenges and constraints for the silver industry in the near future.
