According to GlobalData, Russia is the world’s seventh-largest producer of silver in 2023, with output down by 11.12% on 2022. Over the five years to 2022, production from Russia decreased by a CAGR of 1.16% and is expected to rise by a CAGR of 0.81% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Silver Mining to 2030 report. Buy the report here.
Smarter leaders trust GlobalData
Russia accounts for 5% of global production, with the largest producers being Mexico, China, Peru and Chile.
Polymetal International is one of the leading producers of silver in Russia. In 2021, the company’s output was up by 2% over 2020.
For more detailed analysis of global silver mining, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
