Precious metal ores and concentrates

CPC v2.1 Code: 1424

About precious metal ores and concentrates

cpc code 1424 covers the extraction and processing of precious metal ores and concentrates. This industry plays a vital role in the global economy, as precious metals such as gold, silver, and platinum are essential raw materials for a wide range of industries, including electronics, jewelry, and industrial applications. The production and trade of these valuable resources are closely monitored and regulated to ensure responsible and sustainable practices.

Production process

The production of precious metal ores and concentrates typically involves a multi-step process. First, the ore is extracted from the earth through mining operations, which can include both surface and underground techniques. The extracted ore is then crushed, ground, and processed to separate the valuable metal content from the surrounding rock and impurities. This is often done using a combination of physical, chemical, and metallurgical processes, such as flotation, leaching, and smelting.

Production inputs

The main inputs required for the production of precious metal ores and concentrates include the raw ore deposits, specialized mining and processing equipment, energy sources, and skilled labor. The availability and quality of the ore deposits, as well as the technological capabilities of the mining and processing operations, are critical factors in determining the overall productivity and efficiency of this industry.

Production outputs

The primary outputs of the precious metal ores and concentrates industry are the refined precious metals themselves, such as 1425 Gold, 1426 Silver, and 1427 Platinum group metals. These outputs are then consumed by a wide range of downstream industries, including 2411 Basic chemicals, 2652 Electronic components, and 3211 Jewelry, bijouterie and related articles.

Family tree for precious metal ores and concentrates

    graph LR
    A["<a href='/classifications/cpc/v2-1/1'>1: Ores and minerals; electricity, gas and water</a>"]
A --> B["<a href='/classifications/cpc/v2-1/14'>14: Metal ores</a>"]
B --> C["<a href='/classifications/cpc/v2-1/142'>142: Non-ferrous metal ores and concentrates (other than uranium or thorium ores and concentrates)</a>"]
C --> D["<a href='/classifications/cpc/v2-1/1424'>1424: Precious metal ores and concentrates</a>"]

    C --> E["<a href='/classifications/cpc/v2-1/1421'>1421: Copper, ores and concentrates</a>"]
C --> F["<a href='/classifications/cpc/v2-1/1422'>1422: Nickel ores and concentrates</a>"]
C --> G["<a href='/classifications/cpc/v2-1/1423'>1423: Aluminium ores and concentrates</a>"]
C --> H["<a href='/classifications/cpc/v2-1/1429'>1429: Other non-ferrous metal ores and concentrates (other than uranium or thorium ores and concentrates)</a>"]

    D --> I["<a href='/classifications/cpc/v2-1/14240'>14240: Precious metal ores and concentrates</a>"]


    %% Color coordination by level

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    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
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    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level4
class E level4
class F level4
class G level4
class H level4
class I level5

  class D highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class D highlight