Precious metal ores and concentrates

cpc code 14240 covers the extraction and processing of precious metal ores and concentrates. This industry plays a vital role in the global economy, providing essential raw materials for a wide range of industries, from jewelry and electronics to industrial applications. Precious metals such as gold, silver, and platinum are highly sought after for their unique properties and applications, making this industry a key contributor to economic growth and development.

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

The main inputs required for the production of precious metal ores and concentrates include the raw ore material, mining and processing equipment, energy sources, and a skilled workforce. The specific inputs can vary depending on the type of precious metal being extracted and the geological characteristics of the deposit. Additionally, this industry relies on a range of supporting industries, such as 14210 Metallic mineral mining and quarrying, 19100 Manufacture of basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber in primary forms, and 28250 Manufacture of machinery for mining, quarrying and construction.

The primary outputs of the precious metal ores and concentrates industry are the refined precious metal products, such as gold, silver, and platinum. These outputs are then consumed by a variety of downstream industries, including 25990 Manufacture of other fabricated metal products n.e.c., 26110 Manufacture of electronic components, and 32120 Manufacture of jewelry and related articles.