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

HS v2022 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 or metal clad with precious metals, as well as ash containing precious metals or precious metal compounds. This industry plays a crucial role in the global recycling and recovery of valuable resources, contributing to the circular economy and sustainable development. The recovery and processing of these materials are essential for the supply of raw materials to 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 waste and scrap materials. Precious metal-containing waste is typically collected from various sources, such as electronic waste, jewelry manufacturing, and industrial processes. The materials are then sorted and processed through a series of mechanical and chemical techniques to extract the precious metals, including gold, silver, and platinum. The refining process often involves smelting, leaching, and electroplating to separate the precious metals from other impurities.

Production inputs

The primary inputs for this industry are the waste and scrap materials containing precious metals or precious metal compounds. This can include a wide range of sources, such as 854890 electronic waste, 711290 jewelry manufacturing waste, and 262100 slag, dross, and other waste from the manufacture of iron and steel. Additionally, the industry requires specialized equipment and machinery for the collection, sorting, and refining processes, as well as chemical reagents and energy resources to facilitate the extraction and purification of the precious metals.

Production outputs

The main outputs of this industry are the recovered precious metals, such as gold, silver, and platinum, which can be further processed and used in a variety of applications. The refined precious metals are often sold to 711310 manufacturers of jewelry and related articles, 851780 manufacturers of electronic components, and 840720 manufacturers of industrial machinery and equipment. The industry also generates other by-products, such as metal alloys and slag, which can be used in other industries or disposed of in an environmentally responsible manner.

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 version):

This page shows the most recent version of code 711230.

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/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/v2022/7112'>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 other than goods of heading 85.49</a>"]
B --> C["<a href='/classifications/hs/v2022/711230'>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/v2022/711291'>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/v2022/711292'>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/v2022/711299'>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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