Metals; platinum, unwrought or in powder form

HS v2022 Code: 711011

About metals; platinum, unwrought or in powder form

HS code 711011 covers the trade of platinum, a rare and precious metal that plays a crucial role in various industries. Platinum is highly valued for its unique physical and chemical properties, making it indispensable in applications ranging from automotive catalytic converters to jewelry and investment products. As a key component in the global economy, the platinum industry is a significant contributor to international trade and economic development.

Production process

The production of platinum typically involves mining and refining processes. Platinum is primarily extracted from platinum group metal (PGM) ores, which are found in limited geographical regions around the world. The ore is first mined, then undergoes a series of physical and chemical separation techniques to extract the pure platinum metal. This includes processes such as crushing, concentration, smelting, and electrolytic refining to achieve the desired purity levels.

Production inputs

The platinum industry relies on several key inputs, including PGM-containing ores, specialized mining and processing equipment, and a skilled workforce. Additionally, the industry requires significant energy resources, such as electricity and fuel, to power the various stages of production. Transportation infrastructure, such as roads, railways, and ports, is also crucial for the efficient movement of raw materials and finished products.

Production outputs

The primary output of HS code 711011 is unwrought platinum or platinum in powder form. These forms of platinum are then used as inputs for a wide range of downstream industries, including 711019 Platinum, in other unwrought forms, 711021 Platinum, in semi-manufactured forms, and 711031 Platinum, in other forms. Platinum is widely used in the automotive, electronics, chemical, and jewelry sectors, among others, making it a critical material for the global economy.

Revisions to 711011

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 711011. The most recent 1 version of this code (711011) is in the HS v2022 system (this version):

This page shows the most recent version of code 711011.

Family tree for metals; platinum, unwrought or in powder form

    graph LR
    A["<a href='/classifications/hs/v2022/71'>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/v2022/7110'>7110: Platinum; unwrought or in semi-manufactured forms, or in powder form</a>"]
B --> C["<a href='/classifications/hs/v2022/711011'>711011: Metals; platinum, unwrought or in powder form</a>"]

    B --> D["<a href='/classifications/hs/v2022/711019'>711019: Metals; platinum, semi-manufactured</a>"]
B --> E["<a href='/classifications/hs/v2022/711021'>711021: Metals; palladium, unwrought or in powder form</a>"]
B --> F["<a href='/classifications/hs/v2022/711029'>711029: Metals; palladium, semi-manufactured</a>"]
B --> G["<a href='/classifications/hs/v2022/711031'>711031: Metals; rhodium, unwrought or in powder form</a>"]
B --> H["<a href='/classifications/hs/v2022/711039'>711039: Metals; rhodium, semi-manufactured</a>"]
B --> I["<a href='/classifications/hs/v2022/711041'>711041: Metals; iridium, osmium, ruthenium, unwrought or in powder form</a>"]
B --> J["<a href='/classifications/hs/v2022/711049'>711049: Metals; iridium, osmium, ruthenium, semi-manufactured</a>"]

    

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    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
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class B level4
class C level6
class D level6
class E level6
class F level6
class G level6
class H level6
class I level6
class J 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