Captain Bob 🇬🇧 retweetledi
🚨Silver at $80 is just the beginning. 🚨
The "Chemical Iron Curtain" is falling.
China's sulfuric acid export ban (May 1st) isn't just a headline—it’s a physical shutdown of the silver supply chain.
Why $100–$120 is the next stop:
📍 The Bottleneck: 20% of global copper relies on acid leaching. No acid = No copper leaching = ZERO silver byproduct. 📍 The Divide: While Ivanhoe Mines ($IVN) sits pretty with its own acid smelter, giants like Antofagasta ($ANTO) are flagging "rising costs and supply shortages" as critical risks. Chile is a net importer—they are flying blind into a supply shock.
📍 The Math: With 50% of the global seaborne sulfur supply already cut off, we aren't just looking at higher prices; we are looking at physical unavailability.
When the industrial giants can't get the chemicals to refine the metal, the "paper price" becomes irrelevant. The physical squeeze is on. 🦍🥈
#Silver #SilverSqueeze #Copper #Mining #Commodities #Inflation #Ivanhoe #Antofagasta #Gold
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