HS Code 2616
Precious Metal Ores and Concentrates
HS code 2616 covers precious metal ores and concentrates, including gold, silver, and platinum-group metals, requiring high security and strict environmental ha
4-digit Section VFCL
HS Code 2616 — Precious Metal Ores and Concentrates
This code is for ores containing gold, silver, or platinum group metals (PGM). Unlike finished bullion, these consist of raw rock or chemical concentrates from mining.
What's included
- Gold ore
- Silver ore
- Platinum concentrates
- Argentiferous ores
What's excluded
- Refined Gold bullion → use
7108(Unwrought precious metals are in Chapter 71.)
Common examples
- Gold-rich sulfide concentrate
- Raw silver ore rock
- PGM mineral concentrate
Frequently asked questions
How is the value determined for customs?
Value is based on the certified weight of the precious metal contained within the ore, not the total weight of the rock.
Trade & shipping notes
- Typical duty range: 0%
- Documentation: Requires certified third-party assay reports and export permits for precious minerals.
- Typical shipping mode: FCL
- Top exporters: Mexico, Peru, South Africa
- Top importers: China, Switzerland, South Korea
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Key takeaway
Highly sensitive cargo that bridges mining and financial sectors.
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