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

HS v2017 Code: 711292

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

HS code 711292 covers the trade of waste and scrap of precious metals, specifically platinum and platinum-clad materials. This industry plays a crucial role in the recycling and recovery of valuable resources, contributing to the circular economy and sustainability efforts across various sectors. As a key component of the precious metals industry, the trade of platinum waste and scrap is an important part of the global supply chain, enabling the reuse and repurposing of these scarce and valuable materials.

Production process

The main production techniques involved in the processing of platinum waste and scrap typically include collection, sorting, and refining. Waste and scrap materials are gathered from various sources, such as industrial processes, jewelry manufacturing, and electronic waste. These materials are then sorted and categorized based on their composition and purity levels. The refining process often involves techniques like smelting, chemical extraction, and electroplating to recover the pure platinum and other precious metals from the waste.

Production inputs

The primary inputs required for the platinum waste and scrap industry include the collection and aggregation of the waste materials themselves. This may involve the use of specialized equipment and infrastructure for the safe handling, transportation, and storage of the hazardous materials. Additionally, the refining process requires access to various chemicals, energy sources, and specialized machinery to extract and purify the precious metals.

Production outputs

The main output of the platinum waste and scrap industry is the recovered and refined platinum, which can be used in a wide range of applications, including 711021 Platinum, unwrought or in semi-manufactured forms, 711031 Platinum, in semi-manufactured forms, and 711039 Platinum in other semi-manufactured forms. The refined platinum can then be reintroduced into the supply chain, supporting the production of various products, such as catalytic converters, jewelry, and electronic components.

Revisions to 711292

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 711292. The most recent 1 version of this code (711292) is in the HS v2022 system:

This page shows a legacy version of code 711292 ( HS v2017).

Family tree for waste and scrap of precious metals; of platinum, including metal clad with platinum 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/v2017/711292'>711292: Waste and scrap of precious metals; of platinum, including metal clad with platinum 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/v2017/711291'>711291: Waste and scrap of precious metals; of gold, including metal clad with gold 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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