Metals; silver, semi-manufactured

HS code 710692 covers the classification of semi-manufactured silver products. Silver is a precious metal with a wide range of industrial and commercial applications, making it an important commodity in the global economy. This industry plays a crucial role in the production of various silver-based products, from jewelry and silverware to electronic components and medical devices.

The production of semi-manufactured silver products typically involves a series of metalworking processes, such as rolling, drawing, and stamping. These techniques are used to shape the silver into the desired forms, such as sheets, wires, or other semi-finished products. The specific production methods may vary depending on the final application of the silver components.

The main inputs required for the production of semi-manufactured silver products include raw silver, which is typically obtained from mining or recycling operations. Additionally, the industry relies on various tools and machinery, such as rolling mills, drawing machines, and stamping presses, to shape and refine the silver. Energy sources, such as electricity or natural gas, are also essential for powering the production equipment.

The semi-manufactured silver products classified under HS code 710692 are used as inputs for a wide range of industries, including 711311 Jewelry and goldsmiths' wares, 851770 Parts of telephone sets, telephones, telegraphs, and other transmission apparatus, and 901839 Needles, catheters, cannulae and the like. These silver components are often incorporated into various consumer and industrial goods, contributing to the overall value chain.