India Eyes Peru, Chile FTAs for Silver Amid China Curbs

• India is pursuing Free Trade Agreements (FTAs) with Peru and Chile to diversify its silver supplies.
• This move follows China's imposition of export curbs on silver from January 1, impacting global supply.
• China, a major global silver producer, accounts for over 40% of India's silver imports, highlighting reliance.
• Silver demand is surging due to its critical use in green energy, solar manufacturing, and electric vehicles.
• Peru and Chile are significant silver producers, offering India a stable alternative to mitigate supply risks.

Why It Matters: India diversifies silver sourcing via Peru, Chile FTAs to counter China's curbs and meet rising demand.