Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Set To Benefit from a Sustained Silver Demand Boom from the Electric Vehicle Sector
Battery-powered electric vehicles are set to be a significant demand driver for silver in coming years The expected increase in annual silver demand from the electric vehicle sector over the next four years is estimated to equal 10% of 2021’s global silver production Excellon Resources is currently executing ongoing precious metals projects in Mexico, Idaho and Germany The company recently revealed that its Mexican operations resulted in a 37% YoY increase in silver production as of the fourth quarter of 2020 Fifty grams is slightly more than the weight of an average golf ball, yet it also represents the estimated…