Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to tripledigits, and why he is optimistic about gold in 2023. Speaking with Michelle Makori, Lead Anchor and EditorinChief at Kitco News, he also discussed First Majestic's mining operations, its bullion sales, and how inflation is impacting the silver industry.

Follow Michelle Makori on Twitter: @MichelleMakori (  / michellemakori  )
Follow Kitco News on Twitter: @KitcoNewsNOW (  / kitconewsnow  )
Follow Keith Neumeyer on Twitter: @keith_neumeyer (  / keith_neumeyer  )
Follow First Majestic Silver on Twitter: @FMSilverCorp (  / fmsilvercorp  )

0:00 Automakers and mining
6:26 Supply crunch in silver
8:10 Elon Musk buying silver
10:30 M&A activity
12:49 Silver price in 2022
15:47 Silver consortium
17:46 Inflation
21:13 Gold price forecast
23:50 Silver price forecast
26:46 Central banks and silver
28:30 First Majestic Silver
37:58 FMS Bullion
40:00 RussiaUkraine conflict

#silver #tesla #gold
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