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OTO Mining Ltd Publishes Silver Forecast for the Next Year - Results shows that silver usage in photovoltaic cells is set to surge by four percent year after year in 2012 - OTOLtd.com
OTO Mining Ltd Publishes Silver Forecast for the Next Year

 

NewswireToday - /newswire/ - Chifeng, Inner Mongolia, Mongolia, 2012/06/12 - Results shows that silver usage in photovoltaic cells is set to surge by four percent year after year in 2012 - OTOLtd.com.

   
 
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OTO Mining Ltd is excited to report that the company foresees that silver prices may bounce back to $40-50 levels supported by a robust development in worldwide solar photovoltaic market and demand for the white metal is set to grow while silver prices remain volatile. With the data that has been accumulated by professional analysts, silver consumption in the photovoltaic sector has increased from just below 50 tons in 2001 to an estimate of 1820 tons last year or 7 percent of total demand.

Results shows that silver usage in photovoltaic cells is set to surge by four percent year after year in 2012 from 1.8kt in 2011 which then climbed 22 percent from 2010 which is 1.5kt assuming 0.105 gram of silver is engaged to generate each watt of electricity by photovoltaic cells, in the base case scenario.

There is a base-case estimates handed to OTO Mining, Ltd. which indicates that silver usage in photovoltaic cells should increase by 83 percent from 2011 levels to 3.3kt in 2015 as further mining and exploration is underway in China and across the globe.

The strategy of the company is to focus on the development of quality assets. With this, the company is committed to the acquisition, exploration, and development of the highest quality silver properties within the country of China. Exclusive silver mining projects in pro-mining areas of China have been developed by the company, and OTO Mining, Ltd. (otoltd.com) shows impressive portfolio of properties and projects. We were able to do this by following our strategy and aquiring interests in active silver excavation projects.

 
 
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Written by / Agency / Source: OTO Mining Ltd

 
 

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OTO Mining Ltd Publishes Silver Forecast for the Next Year

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Publisher Contact: Bolormaa Kushi - OTOLtd.com 
+86 63110818 info[.]otoltd.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any OTO Mining Ltd securities in any jurisdiction including any other companies listed or named in this release.

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