Morocco has secured a place among the world's largest silver-producing nations, standing out as the only African country on a new global ranking of top silver producers compiled by Visual Capitalist.
According to the report, Morocco produced 12 million ounces of silver, equivalent to roughly 373 metric tonnes, placing it among a select group of countries that dominate global silver supply. Its inclusion shows the country's growing importance in a market that has become increasingly strategic as global demand for precious and industrial metals continues to rise.
Morocco's significance extends beyond Africa. The country dominates silver production across the Middle East and North Africa (MENA), accounting for approximately 95% of the region's total output and 86% of its silver consumption. It also contributes nearly half of Africa's overall silver production, making it the continent's undisputed leader in the sector.
Global silver supply remains concentrated
Globally, however, Morocco remains a relatively small player compared to the industry's heavyweights. Mexico retained its position as the world's largest silver producer, mining 173 million ounces, or roughly one-fifth of global supply. Peru followed with 131 million ounces, while China ranked third with 113 million ounces.
