Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, he also discussed First Majestic’s mining operations, its bullion sales, and how inflation is impacting the silver industry.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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Follow Keith Neumeyer on Twitter: @keith_neumeyer (https://twitter.com/keith_neumeyer)
Follow First Majestic Silver on Twitter: @FMSilverCorp (https://twitter.com/FMSilverCorp)
0:00 – Automakers and mining
6:26 – Supply crunch in silver
8:10 – Elon Musk buying silver
10:30 – M&A activity
12:49 – Silver price in 2022
15:47 – Silver consortium
17:46 – Inflation
21:13 – Gold price forecast
23:50 – Silver price forecast
26:46 – Central banks and silver
28:30 – First Majestic Silver
37:58 – FMS Bullion
40:00 – Russia-Ukraine conflict
#silver #tesla #gold
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