About HS Code 711031
This HS code covers rhodium in its rawest forms: unwrought (e.g., ingots, buttons) or as a powder. Rhodium is an exceptionally rare and valuable platinum group metal, primarily prized for its superior catalytic properties, high reflectivity, and outstanding corrosion resistance. Importers are predominantly manufacturers in the automotive industry, where it is a critical component in catalytic converters, often used in conjunction with platinum and palladium to reduce emissions. Other key importers include chemical industries (for specialized catalysts) and the glass industry (for crucibles and fiber optic production). Exporters are almost exclusively countries with significant platinum group metal mining operations. The trade in unwrought or powder rhodium is highly specialized and sensitive to industrial demand, particularly from the automotive sector, and its extreme rarity often leads to significant price volatility.
Products Under This Code
Rhodium ingots, Rhodium powder, Rhodium sponge, Rhodium buttons, Rhodium grain, Rhodium shot, Rhodium flakes
Real World Examples
Anglo American Platinum rhodium powder, Sibanye-Stillwater rhodium sponge, Johnson Matthey rhodium ingots, Heraeus rhodium buttons
Common Misclassification
This code is distinct from 711039 (rhodium, semi-manufactured) as it covers the initial, unprocessed forms. It should not be confused with finished products containing rhodium, such as catalytic converters (Chapter 87) or electroplating solutions (Chapter 28).
Products Classified Under 7110.31
Industry
This code belongs to the Gems & Jewelry industry.
Trade Overview
South Africa is the dominant exporter, with major importers including Germany, Japan, and the USA.
Frequently Asked Questions
What is HS code 711031?
HS code 711031 covers: Metals; rhodium, unwrought or in powder form. This HS code covers rhodium in its rawest forms: unwrought (e.g., ingots, buttons) or as a powder. Rhodium is an exceptionally rare and valuable platinum group metal, primarily prized for its superior catalytic properties, high reflectivity, and outstanding corrosion resistance. Importers are predominantly manufacturers in the automotive industry, where it is a critical component in catalytic converters, often used in conjunction with platinum and palladium to reduce emissions. Other key importers include chemical industries (for specialized catalysts) and the glass industry (for crucibles and fiber optic production). Exporters are almost exclusively countries with significant platinum group metal mining operations. The trade in unwrought or powder rhodium is highly specialized and sensitive to industrial demand, particularly from the automotive sector, and its extreme rarity often leads to significant price volatility.
What products fall under HS code 711031?
Rhodium ingots, Rhodium powder, Rhodium sponge, Rhodium buttons, Rhodium grain, Rhodium shot, Rhodium flakes
What are common misclassifications for HS code 711031?
This code is distinct from 711039 (rhodium, semi-manufactured) as it covers the initial, unprocessed forms. It should not be confused with finished products containing rhodium, such as catalytic converters (Chapter 87) or electroplating solutions (Chapter 28).
How is HS code 711031 structured?
HS code 711031 is a 6-digit subheading under the Harmonized System. The first 2 digits (71) identify the chapter, digits 3-4 (10) identify the heading, and digits 5-6 (31) specify the subheading. This code is standardized globally by the World Customs Organization.