China's Silver Export Shock: India Rushes to Peru, Chile for Strategic Supply

• Silver is now a strategic metal, crucial for solar panels, EVs, electronics, and the broader economy, beyond just jewelry.
• China, a major refined silver producer, will implement stricter export controls from January 1, 2026, potentially causing supply disruptions and price surges.
• India, heavily reliant on Chinese silver, is actively pursuing Free Trade Agreements (FTAs) and CEPAs with Peru and Chile to diversify its supply sources.
• This strategic shift aims to secure cheaper, stable silver, control industry costs, support green energy, and mitigate inflation for consumers.
• Global silver prices are already rising due to supply shortages, increasing demand from green energy, and national stockpiling efforts.

Why It Matters: India diversifies silver supply from China to Peru/Chile, securing strategic metal for future economy and consumers.