BTA Admin Morocco has strengthened its position as one of the world’s leading silver-producing nations, emerging as the only African country featured in a new global ranking of top silver producers compiled by Visual Capitalist.
The ranking highlights Morocco’s growing importance in the global precious metals market at a time when rising industrial demand and persistent supply deficits are increasing the strategic value of silver-producing countries.
Morocco dominates Africa’s silver production
According to the report, Morocco produced about 12 million ounces of silver, equivalent to roughly 373 metric tonnes, placing it among a relatively small group of countries that account for most global silver output.
The North African country now dominates silver production across the Middle East and North Africa (MENA), accounting for approximately 95% of the region’s total silver output.
Morocco also contributes nearly half of Africa’s total silver production, making it the continent’s undisputed leader in the sector.
Beyond production, the country also accounts for around 86% of silver consumption within the MENA region, underlining its central role in regional precious metals markets.
Global silver market remains heavily concentrated
Despite Morocco’s growing influence, the global silver industry remains dominated by a handful of major mining economies.
Mexico retained its position as the world’s largest silver producer with output of about 173 million ounces, representing roughly one-fifth of global supply.
Peru followed with approximately 131 million ounces, while China ranked third with about 113 million ounces.
Together, countries in North and South America continue to dominate global silver production, reflecting the concentration of major silver reserves and mining infrastructure in the region.
The concentration of supply has become increasingly important for investors and commodity markets as silver demand continues rising across multiple industries.
Rising demand reshapes silver’s strategic importance
Silver’s role in the global economy has expanded far beyond jewellery and investment demand.
The metal is increasingly viewed as strategically important because of its growing use in electronics, solar panels, electric vehicles, semiconductors and renewable energy infrastructure.
Industry estimates show that global silver demand has exceeded supply for five consecutive years, creating persistent market deficits and increasing pressure on existing producers to expand output.
As countries accelerate investments in clean energy and advanced manufacturing, silver consumption is expected to remain strong over the coming decade.
That shift is elevating the importance of countries with established silver reserves and stable mining industries.
Morocco strengthens mining position
Morocco’s appearance among the world’s leading silver producers also highlights the growing importance of mining within the country’s broader economy.
The country has steadily expanded its position in global minerals markets through investments in mining infrastructure, processing capacity and export development.
While Morocco remains better known internationally for phosphate production, the latest silver ranking reinforces its emergence as one of Africa’s most important diversified mining economies.
The country’s strategic location near European markets and its relatively developed industrial infrastructure have also strengthened its appeal to international mining investors.
Africa’s role in critical minerals expands
Morocco’s rise in silver production comes amid growing global competition for access to critical minerals and strategic metals.
African countries are increasingly attracting attention from global investors seeking exposure to commodities linked to energy transition industries and advanced manufacturing supply chains.
Although silver production on the continent remains relatively limited compared to Latin America and Asia, Morocco’s growing presence suggests African mining economies could play a larger role in future global supply chains.
For investors, the country’s position among the world’s top silver producers highlights both the strategic value of precious metals and the increasing relevance of African resource markets in a rapidly changing global economy.
