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New Pacific Metals Gears Up to Tackle Global Silver Supply Deficit

New Pacific Metals advances its Carangas silver project to address global supply deficit. With silver demand soaring, the mine could produce 15.5M oz annually.

The widening silver deficit threatens to slow the green revolution and tech transformation, as manufacturers face soaring costs and potential delays. New Pacific Metals' Carangas project could significantly boost global supply, potentially accounting for up to 3% of mine production, helping to stabilize prices and ensure a steady supply of this critical mineral for EVs, data centers, and renewable energy. As silver prices hit record highs, the project's low-cost, open-pit operation offers a timely solution to a pressing global challenge.