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

HS v2022 Code: 711299

About 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

HS code 711299 covers a crucial segment of the precious metals industry - the recycling and processing of waste and scrap containing precious metals. This industry plays a vital role in the circular economy, recovering valuable materials that would otherwise be lost and reintroducing them into the production cycle. The efficient management of this waste stream is essential for the sustainability of the precious metals supply chain and the broader economy.

Production process

The main production techniques involved in this industry include collection, sorting, and refining of the precious metal waste and scrap. Specialized facilities use a range of physical and chemical processes to extract the pure precious metals from the collected materials. This may involve techniques such as smelting, leaching, and electrolytic separation, depending on the composition and purity of the input materials.

Production inputs

The primary inputs for this industry are the waste and scrap materials containing precious metals, such as jewelry, electronics, and industrial catalysts. Additionally, the industry requires specialized equipment and machinery for the various processing and refining stages, as well as skilled labor to operate these systems effectively.

Production outputs

The main outputs of this industry are the recovered precious metals, such as 711210 Silver and 711290 Platinum group metals, which can then be reused in a wide range of applications, including jewelry, electronics, and industrial processes. The industry's outputs are often consumed by manufacturers and processors in 711210 Silver and 711290 Platinum group metals production, as well as other industries that utilize precious metals.

Revisions to 711299

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 711299. The most recent 1 version of this code (711299) is in the HS v2022 system (this version):

This page shows the most recent version of code 711299.

Family tree for 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

    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/v2022/711299'>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>"]

    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/v2022/711292'>711292: Waste and scrap of precious metals; of platinum, including metal clad with platinum but excluding sweepings containing other precious metals</a>"]

    

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