Taken from an article on bulliondesk.com
The potential off take of physical silver from the widespread use of RFID
technology is obviously highly dependent on the performance of the market and
the adoption of the technology. Our current projections are summarised below.
These volumes are by no means going to replace the decline in silver off take
from the photographic industry, but, unlike the photographic industry, RFID
technology does not lend itself to silver recycling. As most of these tags will
form part of packing and collection will prove difficult, it is unlikely that RFID
tags will be collectable on a scale large enough for commercially viable
recycling. Moreover, research suggests that RFID tags do not affect the paper
recycling process, which means there will be no need to strip off the tags prior to
recycling. Rather surprisingly though, some businesses are planning to buy used
RFID tags to re-programme and resell, potentially at a discounted rate. The
Estimated RFID sales
Tags billion/year mg Ag/tag kg Ag/year Moz Ag/year
2007 1.91 10.9 20,819 0.67
2008 4.31 10.9 46,979 1.51
2009 6.71 10.9 73,139 2.35
2010 9.11 10.9 99,299 3.19
2011 11.51 10.9 125,459 4.03
2012 13.91 10.9 151,619 4.87
2013 16.31 10.9 177,779 5.72
2014 18.71 10.9 203,939 6.56
2015 21.11 10.9 230,099 7.4
2016 23.51 10.9 256,259 8.24
2017 25.79 10.9 281,057 9.04
Source: IdTechex.com
8 | The silver book | January 2008 Fortis/VM Group
danger is that silvers current high price could also result in thrifting and
substitution in this end use of the metal. The development of conductive
polymers could replace silver but at the moment the cost of the polymers is far
greater than silver, at $200/gram, and commercial production is still a long way
off.
On balance it is likely that the costs of passive RFID tags will tumble over the
next five years as their use becomes more widespread and the manufacturers of
RFIDs compete for greater market share. RFIDs will become a prominent player
in the world of inventory and logistic control. The extent to which they grow
will depend on the benefits the technology brings to those who use it. Silver will
without doubt benefit and we have included this source of demand in our
projected supply/demand balance
That's a lot of unrecycled silver!
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