China’s 2026 Silver Export Licensing: A Strategic Supply Shock for Solar and Semiconductors
China is expected to replace silver export quotas with a licensing regime from 1 January 2026, potentially restricting a large share of tradable supply and concentrating export permissions among larger firms. The source suggests downstream sectors—especially solar PV and semiconductors—face near-term bottlenecks and higher input-cost volatility amid already-tight physical markets.