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

HS v2022 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 global recycling economy, as it allows for the recovery and reuse of valuable resources that would otherwise be discarded. The efficient management and processing of these materials contribute to the sustainability of the precious metals supply chain and the broader circular economy.

Production process

The main production techniques involved in this industry include collection, sorting, and refining of the waste and scrap materials. Specialized facilities use a variety of methods, such as pyrometallurgical and hydrometallurgical processes, to extract the pure platinum and other precious metals from the collected waste. These techniques ensure the recovery of high-purity materials that can be reintroduced into the manufacturing process, reducing the need for primary extraction and processing.

Production inputs

The primary inputs for this industry are the waste and scrap materials containing platinum and platinum-clad products. This can include a wide range of items, such as jewelry, electronics, and industrial equipment. In addition to the raw materials, the industry relies on specialized equipment and machinery for the collection, sorting, and refining processes, as well as skilled labor to operate these systems effectively.

Production outputs

The main outputs of this industry are the recovered and refined platinum and other precious metals. These materials can be used in a variety of applications, including 711210 Platinum, unwrought or in semi-manufactured forms, 711219 Platinum in other semi-manufactured forms, and 711230 Platinum, palladium, rhodium, iridium, osmium and ruthenium, in semi-manufactured forms. The recycled precious metals can be reintegrated into the manufacturing supply chain, reducing the need for primary extraction and contributing to the overall sustainability of the industry.

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 version):

This page shows the most recent version of code 711292.

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/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/v2022/711292'>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/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/v2022/711291'>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/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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