Precious metal ores and concentrates
HS v2017 Code: 2616
About precious metal ores and concentrates
HS code 2616 covers the classification of precious metal ores and concentrates. This industry is of critical importance to the global economy, as it provides the raw materials necessary for the production of a wide range of precious metal-based products, from jewelry and electronics to industrial and medical applications. The extraction and processing of these ores are essential activities that support numerous downstream industries and contribute significantly to international trade.
Production process
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 using various physical and chemical separation methods, such as gravity separation, flotation, and leaching, to concentrate the precious metal content. The resulting concentrates are then further refined to produce high-purity precious metals.
Production inputs
The main inputs required for the production of precious metal ores and concentrates include the raw ore deposits, which are found in various geological formations around the world. Additionally, the industry relies on specialized mining and processing equipment, as well as a range of chemicals and reagents used in the concentration and refining processes. Energy sources, such as electricity and fuel, are also essential inputs for the various stages of production.
Production outputs
The primary outputs of the precious metal ores and concentrates industry are the concentrated ores and refined precious metals, such as gold, silver, platinum, and palladium. These outputs are then consumed by a wide range of downstream industries, including 7113 Articles of jewelry and parts thereof, of precious metal or of metal clad with precious metal, 8471 Automatic data processing machines and units thereof, and 9018 Instruments and appliances used in medical, surgical, dental or veterinary sciences, among others.
Family tree for precious metal ores and concentrates
graph LR
A["<a href='/classifications/hs/v2017/26'>26: Ores, slag and ash</a>"]
A --> B["<a href='/classifications/hs/v2017/2616'>2616: Precious metal ores and concentrates</a>"]
A --> C["<a href='/classifications/hs/v2017/2601'>2601: Iron ores and concentrates; including roasted iron pyrites</a>"]
A --> D["<a href='/classifications/hs/v2017/2602'>2602: Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weight</a>"]
A --> E["<a href='/classifications/hs/v2017/2603'>2603: Copper ores and concentrates</a>"]
A --> F["<a href='/classifications/hs/v2017/2604'>2604: Nickel ores and concentrates</a>"]
A --> G["<a href='/classifications/hs/v2017/2605'>2605: Cobalt ores and concentrates</a>"]
A --> H["<a href='/classifications/hs/v2017/2606'>2606: Aluminium ores and concentrates</a>"]
A --> I["<a href='/classifications/hs/v2017/2607'>2607: Lead ores and concentrates</a>"]
A --> J["<a href='/classifications/hs/v2017/2608'>2608: Zinc ores and concentrates</a>"]
A --> K["<a href='/classifications/hs/v2017/2609'>2609: Tin ores and concentrates</a>"]
A --> L["<a href='/classifications/hs/v2017/2610'>2610: Chromium ores and concentrates</a>"]
A --> M["<a href='/classifications/hs/v2017/2611'>2611: Tungsten ores and concentrates</a>"]
A --> N["<a href='/classifications/hs/v2017/2612'>2612: Uranium or thorium ores and concentrates</a>"]
A --> O["<a href='/classifications/hs/v2017/2613'>2613: Molybdenum ores and concentrates</a>"]
A --> P["<a href='/classifications/hs/v2017/2614'>2614: Titanium ores and concentrates</a>"]
A --> Q["<a href='/classifications/hs/v2017/2615'>2615: Niobium, tantalum, vanadium or zirconium ores and concentrates</a>"]
A --> R["<a href='/classifications/hs/v2017/2617'>2617: Ores and concentrates; n.e.c. in heading no. 2601</a>"]
A --> S["<a href='/classifications/hs/v2017/2618'>2618: Granulated slag (slag sand) from the manufacture of iron or steel</a>"]
A --> T["<a href='/classifications/hs/v2017/2619'>2619: Slag, dross; (other than granulated slag), scalings and other waste from the manufacture of iron or steel</a>"]
A --> U["<a href='/classifications/hs/v2017/2620'>2620: Slag, ash and residues; (not from the manufacture of iron or steel) containing metals, arsenic or their compounds</a>"]
A --> V["<a href='/classifications/hs/v2017/2621'>2621: Slag and ash n.e.c. in chapter 26; including seaweed ash (kelp) and ash and residues from the incineration of municipal waste</a>"]
B --> W["<a href='/classifications/hs/v2017/261610'>261610: Silver ores and concentrates</a>"]
B --> X["<a href='/classifications/hs/v2017/261690'>261690: Precious metal ores and concentrates; (excluding silver)</a>"]
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