Waste and scrap of precious metals; of gold, including metal clad with gold but excluding sweepings containing other precious metals

HS v2017 Code: 711291

About waste and scrap of precious metals; of gold, including metal clad with gold but excluding sweepings containing other precious metals

HS code 711291 covers the trade of waste and scrap of precious metals, specifically gold and gold-clad materials. This industry plays a crucial role in the global recycling and recovery of valuable resources, contributing to the circular economy and sustainability efforts. The recovery and processing of these precious metal wastes are essential for meeting the growing demand for gold in various industries, including jewelry, electronics, and industrial applications.

Production process

The main production techniques involved in this industry include collection, sorting, and refining of the precious metal waste and scrap. Specialized facilities use a range of methods, such as pyrometallurgical and hydrometallurgical processes, to extract and purify the gold from the collected materials. These techniques ensure the efficient recovery of the precious metal while minimizing environmental impact and maximizing resource utilization.

Production inputs

The primary inputs for this industry are the waste and scrap materials containing gold, including jewelry, electronics, and other gold-bearing products that have reached the end of their useful life. Additionally, the industry requires specialized equipment and machinery for the collection, sorting, and refining processes, as well as skilled labor to operate these systems.

Production outputs

The main output of this industry is refined gold, which can be used in a variety of applications, such as 711210 Worked gold, including gold plated with platinum, unwrought, semi-manufactured or in powder form, 711319 Articles of jewelry and parts thereof, of precious metal other than silver, and 854430 Ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships. The industry also generates other precious metal byproducts, which can be further processed or sold to other industries.

Revisions to 711291

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 711291. The most recent 1 version of this code (711291) is in the HS v2022 system:

This page shows a legacy version of code 711291 ( HS v2017).

Family tree for waste and scrap of precious metals; of gold, including metal clad with gold but excluding sweepings containing other precious metals

    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/v2017/711291'>711291: Waste and scrap of precious metals; of gold, including metal clad with gold but excluding sweepings containing other precious metals</a>"]

    B --> D["<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 --> 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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    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    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 level2
class B level4
class C level6
class D level6
class E level6
class F level6

  class C 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 C highlight