China Declares Silver Strategic Resource, Tightens Export Controls

• China reclassifies silver as a strategic resource, imposing tighter export controls from January 1, similar to rare earths.
• Only 44 companies are authorized for silver exports for 2026-2027, granting Beijing significant control over global supply.
• Silver is vital for defense, clean energy, and tech; the US added it to its critical minerals list in November.
• Industry leaders like Elon Musk express concern; European firms report impact; aggressive buying drives up prices.
• Silver prices more than doubled in 2025, crossing $80/ounce, reflecting supply tightening and geopolitical risks.

Why It Matters: China's silver export controls signal a strategic shift, impacting global supply chains and prices.