Waste and scrap of precious metal or of metal clad with precious metal; ash containing precious metal or precious metal compounds

HS v2017 Code: 711230

About waste and scrap of precious metal or of metal clad with precious metal; ash containing precious metal or precious metal compounds

HS code 711230 covers the trade of waste and scrap of precious metals, such as gold, silver, and platinum, as well as ash containing precious metals or their compounds. This industry plays a crucial role in the recycling and recovery of valuable materials, contributing to the circular economy and reducing the environmental impact of mining new precious metals. The trade of these materials is essential for various industries, including jewelry, electronics, and industrial applications.

Production process

The production techniques for this industry involve the collection, sorting, and processing of precious metal waste and scrap. This can include activities such as smelting, refining, and chemical extraction to recover the pure precious metals from the waste materials. Advanced technologies, such as hydrometallurgical and pyrometallurgical processes, are often employed to maximize the recovery and purity of the extracted precious metals.

Production inputs

The main inputs for this industry are the waste and scrap materials containing precious metals. This can include items such as jewelry, electronics, dental materials, and industrial catalysts. Additionally, the industry requires specialized equipment and machinery for the collection, sorting, and processing of the waste materials, as well as chemicals and energy sources for the refining and extraction processes.

Production outputs

The primary outputs of this industry are the recovered precious metals, such as gold, silver, and platinum, which can be sold to various downstream industries. These precious metals are then used in the production of 711011 (Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form), 711021 (Silver (including silver plated with gold or platinum) unwrought or in semi-manufactured forms, or in powder form), and 711041 Platinum, unwrought or in semi-manufactured forms, or in powder form.

Revisions to 711230

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 711230. The most recent 1 version of this code (711230) is in the HS v2022 system:

This page shows a legacy version of code 711230 ( HS v2017).

Family tree for waste and scrap of precious metal or of metal clad with precious metal; ash containing precious metal or precious metal compounds

    graph LR
    A["<a href='/classifications/hs/v2017/71'>71: Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin</a>"]
A --> B["<a href='/classifications/hs/v2017/7112'>7112: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal compounds, of a kind uses principally for the recovery of precious metal</a>"]
B --> C["<a href='/classifications/hs/v2017/711230'>711230: Waste and scrap of precious metal or of metal clad with precious metal; ash containing precious metal or precious metal compounds</a>"]

    B --> D["<a href='/classifications/hs/v2017/711291'>711291: Waste and scrap of precious metals; of gold, including metal clad with gold but excluding sweepings containing other precious metals</a>"]
B --> E["<a href='/classifications/hs/v2017/711292'>711292: Waste and scrap of precious metals; of platinum, including metal clad with platinum but excluding sweepings containing other precious metals</a>"]
B --> F["<a href='/classifications/hs/v2017/711299'>711299: Waste and scrap of precious metals; waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds</a>"]

    

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class C level6
class D level6
class E level6
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