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

HS v2022 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 precious metals supply chain, as it facilitates the recycling and reuse of valuable resources. By recovering and processing these materials, the industry contributes to the sustainability of the precious metals market and the broader economy.

Production process

The main production techniques used in this industry involve the collection, sorting, and refining of gold-bearing waste and scrap materials. This typically includes processes such as mechanical separation, chemical extraction, and smelting to recover the pure gold content. Advanced technologies, such as hydrometallurgical and pyrometallurgical methods, are often employed to ensure efficient and environmentally responsible recovery of the precious metal.

Production inputs

The primary inputs required for this industry are the waste and scrap materials containing gold or gold-clad components. This can include a wide range of sources, such as 711210 Waste and scrap of gold, including metal clad with gold but excluding sweepings containing other precious metals, 711220 Waste and scrap of platinum, including metal clad with platinum but excluding sweepings containing other precious metals, and various electronic and industrial waste streams. Additionally, the industry relies on specialized equipment, chemicals, and skilled labor to facilitate the recovery and refining processes.

Production outputs

The main output of this industry is refined gold, which can be used in a variety of applications, including 711311 Gold, non-monetary, unwrought, 711319 Gold, non-monetary, semi-manufactured forms, and 711411 Gold, including gold plated with platinum, unwrought, not monetary. The recovered gold can then be reintroduced into the global precious metals supply chain, supporting various industries and applications that rely on this valuable resource.

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 version):

This page shows the most recent version of code 711291.

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/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/v2022/711291'>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/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 --> 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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