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This lecture covers the refining processes of precious metals, including physical sorting, high voltage pulse fragmentation, and chemical leaching. It explores the characteristics of precious metals, their supply and demand, and the importance of Switzerland in the refining industry. The presentation delves into the recycling networks, evaluation techniques, and the refining trading process. It details the analysis methods for gold and silver content, the electrolysis process for gold refining, and the global plant flow for precious metal refining. The conclusion emphasizes the specific rules and processes required for reliable and fast refining in the precious metals industry.