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What they make, where they produce, the materials that matter — then what is coming, what it would do to the business, and the moves available. Sector: metals refining. Company profile →
MKS PAMP Group is a Swiss-headquartered precious-metals group combining an industrial refining arm (PAMP SA, refinery + mint at Castel San Pietro, Ticino, plus the MMTC-PAMP joint-venture refinery in Sohna, Haryana, India) with a trading arm (MKS (Switzerland) SA, Geneva) and downstream distribution brands (MTB, GOLD AVENUE). The Castel San Pietro site is one of the world's largest precious-metals refineries by capacity and one of only a handful of refineries worldwide holding "Referee" status with both the LBMA (London Bullion Market Association, gold/silver) and the LPPM (London Platinum and Palladium Market) — the panel that adjudicates disputed assay results for the entire market.
Verbatim from the dossier's “What they do” section — sources on the company profile.
This is where MKS PAMP Group produces — approximate output shares from its dossier — not where it sells. Sales geography is not yet in our corpus for any company, so we cannot compute exposure to measures that bite on where products ship: an extraterritorial re-export rule follows the shipment and its material content, not the factory. Where such a measure touches its materials, the policy sections below flag it — but its sales-side incidence is not computable yet, and we say so rather than substitute the production map for it.
Of everything in its products, we track the critical inputs — the materials whose supply is concentrated in few countries, policy-exposed, or hard to substitute — because those are the ones a single measure can move. Each carries its role in the product, quoted from the dossier's own exposure note.
Rhodium-iridium — the same PGM labs refine rhodium (platinum, palladium and rhodium solutions, salts, sponges, powders and bars are all listed PAMP industrial products); rhodium supply is even more concentrated than platinum/palladium (overwhelmingly South African byproduct output), making it one of the tightest chokepoints in the scored set. Gold is PA…
Platinum-palladium — Castel San Pietro operates dedicated PGM (platinum-group-metal) refining laboratories processing high- and low-grade platinum and palladium from spent industrial catalysts, electronics and recycled material, with ~30 tonnes/yr combined PGM capacity. Platinum and palladium mine supply is one of the most geographically concentrated criti…
Silver — Castel San Pietro and MMTC-PAMP together refine 600+ tonnes/yr of silver from doré, industrial residues and recycled scrap; silver is a scored chokepoint material (concentrated mine supply, byproduct of base-metal mining) and a direct MKS PAMP product line, not a derivative exposure.
Scope. The non-critical remainder of the bill of materials — structural steel, polymers, glass and the like — is not tracked here because it is not supply-constrained: this section covers the constrained inputs, which is where policy risk concentrates, not a full bill of materials.
The top 5 are ranked mechanically — what the instrument does (its transmission class: an export ban is not a reporting duty), × how close to law (stage-derived likelihood band, never a probability) × how much of your tracked bill of materials it touches. Each unfolds as a chain: trigger → what it hits → the response the instrument actually calls for. A measure touching a material you produce can be an opportunity, not a threat.
PE · stage passed-committee → elevated likelihood · touches silver · flagged 14 Jun 2026, 113d pending
Reduces maximum idle-concession period from 30 to 15 years (initial production deadline unchanged at 10 yr; penalty extension cut from 20 yr to just 5 yr); eliminates irrevocable legal status of mining concessions for first time in Peruvian law history, making concessions revocable by administrative authority; introduces higher annual fees and stronger production/investment requirements; threatens legal certainty for Peru's undeveloped copper and silver project pipeline — Peru = #2 copper, #4 silver, #1 lead, #2 zinc globally
source ↗Silver — Castel San Pietro and MMTC-PAMP together refine 600+ tonnes/yr of silver from doré, industrial residues and recycled scrap; silver is a scored chokepoint material (concentrated mine supply, byproduct of base-metal mining) and a direct MKS PAMP product line, not a derivative exposure.
The filed text doesn't state this instrument's mechanism clearly enough to classify, so we don't guess a response — the measure text above is the read.
silver — you sit on the supply side: a measure tightening others' supply pushes buyers toward you, so your move is positioning, not substitution (chokepoint page).
BO · stage draft-published → moderate likelihood · touches silver · flagged 17 Jun 2026, 110d pending
New general mining law (distinct from PL-157 lithium/evaporites bill already in index): 20-year tax stability regime for mining projects; eliminates the 12. 5% impuesto adicional IUE-RM on extraordinary commodity-price gains; retains 25% company profits tax (IUE) and 5% royalty; streamlines licensing from current 9–15 years to international norms; enables association contracts between private companies and cooperatives; coordinated with a forthcoming general investment law incorporating fiscal and non-fiscal incentives; framed around reversing 15+ years of investment drought; backing from World Bank; bill to be presented to Asamblea Legislativa Plurinacional after Mining Summit (May 18–20, 2026); target: executive submission late July 2026
source ↗Silver — Castel San Pietro and MMTC-PAMP together refine 600+ tonnes/yr of silver from doré, industrial residues and recycled scrap; silver is a scored chokepoint material (concentrated mine supply, byproduct of base-metal mining) and a direct MKS PAMP product line, not a derivative exposure.
The filed text doesn't state this instrument's mechanism clearly enough to classify, so we don't guess a response — the measure text above is the read.
silver — you sit on the supply side: a measure tightening others' supply pushes buyers toward you, so your move is positioning, not substitution (chokepoint page).
ZW · stage announced → low likelihood · touches platinum palladium · flagged 4 Oct 2026, 1d pending
VP Constantino Chiwenga announced at the Zimbabwe-China Business Forum (Hangzhou) that Zimbabwe will no longer issue new mining licences for operations that extract only one mineral from a deposit — future licensees must demonstrate capacity to identify, separate and process the full mineral suite present, or be barred from operating. Framed as beneficiation policy, layered on Zimbabwe's Feb-2026 raw-mineral/lithium-concentrate export ban (filed). Raises the entry bar specifically for Great Dyke chrome/PGM claims, which are frequently single-mineral operations — a licensing-stage chokepoint action, distinct instrument type from the export-ban actions already in the register.
source ↗Platinum-palladium — Castel San Pietro operates dedicated PGM (platinum-group-metal) refining laboratories processing high- and low-grade platinum and palladium from spent industrial catalysts, electronics and recycled material, with ~30 tonnes/yr combined PGM capacity. Platinum and palladium mine supply is one of the most geographically concentrated criti…
The prohibition covers the raw/unprocessed form; material processed in Zimbabwe stays exportable under the order's own exemption — so a Zimbabwe processing route remains open alongside the alternatives below.
platinum palladium — you sit on the supply side: a measure tightening others' supply pushes buyers toward you, so your move is positioning, not substitution (chokepoint page).
EU · stage in-consultation → moderate likelihood · touches platinum palladium · flagged 15 Jun 2026, 112d pending
Second wave of CRMA Art. 14 strategic projects (drawn from 160+ applications: 95 EU-domestic + 66 third-country including 40 from strategic-partnership countries) gains fast-track permitting (27-month EU cap, 15-month Member State cap), EIB/EBRD financing-hub priority, and off-taker certainty; 75 battery-value-chain projects + 21 REE-for-permanent-magnets in pool; widens the EU's 2030 extraction/processing benchmarks pipeline beyond the first 60 projects
source ↗Platinum-palladium — Castel San Pietro operates dedicated PGM (platinum-group-metal) refining laboratories processing high- and low-grade platinum and palladium from spent industrial catalysts, electronics and recycled material, with ~30 tonnes/yr combined PGM capacity. Platinum and palladium mine supply is one of the most geographically concentrated criti…
This is support, not a threat — it funds, fast-tracks or relaxes rather than restricts. If you have operations, projects or purchases inside its scope, check your eligibility against the measure's own text above.
platinum palladium — you sit on the supply side: a measure tightening others' supply pushes buyers toward you, so your move is positioning, not substitution (chokepoint page).
ID · stage announced → low likelihood · touches silver · flagged 16 Jun 2026, 111d pending
The Energy and Mineral Resources Ministry (ESDM) and Ministry of Finance announced May 11, 2026 that the implementation of higher tiered royalty rates under Government Regulation (PP) 19/2025 — covering copper, tin, nickel, gold, and silver — is postponed indefinitely pending development of a "mutually beneficial formulation"; the already-filed PP 19/2025 (2025-04-11) established a tiered royalty regime that would have raised effective royalty burdens for large-volume miners; the postponement relieves immediate cost pressure on Freeport McMoRan (copper/gold — Grasberg), Vale Indonesia (nickel), PT Timah (tin), and other major operators; the delay also signals continued investor-consultation sensitivity in Indonesian mining fiscal policy following industry pushback
source ↗Silver — Castel San Pietro and MMTC-PAMP together refine 600+ tonnes/yr of silver from doré, industrial residues and recycled scrap; silver is a scored chokepoint material (concentrated mine supply, byproduct of base-metal mining) and a direct MKS PAMP product line, not a derivative exposure.
The filed text doesn't state this instrument's mechanism clearly enough to classify, so we don't guess a response — the measure text above is the read.
silver — you sit on the supply side: a measure tightening others' supply pushes buyers toward you, so your move is positioning, not substitution (chokepoint page).
None of these filed an explicit stage — in-force status defaults from an absent stage: field (flagged below), not a claim any filer made. Each still links to the register entry with its primary source; verify stage before treating as a confirmed baseline.
For a material it buys, a restriction tightens supply and raises input cost — a headwind. For the 3 it produces, the same restriction supports pricing — a tailwind. Scores are footprint-adjusted and buyer-relative (0–100, higher = more exposed).
Its customers sit in critical minerals — read via the graph's critical minerals processing node, the nearest equivalent of its sector. A measure supporting those sectors supports demand for this company's products; one restricting them puts that demand at risk. The sign shown is the mechanical read — click through to judge whether a measure protects or constrains the customer.
Every tracked material is on the supply side — the strategy here is positioning, not substitution.
This company sits on the supply side of rhodium iridium. Restrictions by 🇿🇦 ZA push buyers toward ex-ZA producers — the strategy is to be visible where those buyers look: the rhodium iridium chokepoint page and the watchlist.
This company sits on the supply side of platinum palladium. Restrictions by 🇿🇦 ZA push buyers toward ex-ZA producers — the strategy is to be visible where those buyers look: the platinum palladium chokepoint page and the watchlist.
This company sits on the supply side of silver. Restrictions by 🇲🇽 MX push buyers toward ex-MX producers — the strategy is to be visible where those buyers look: the silver chokepoint page and the watchlist.
lib/policy-transmission.ts): an export prohibition in the measure's name/text → supply restriction; a raw/unprocessed-export limit or local-processing mandate → beneficiation (form change, not unavailability); reporting/disclosure/due-diligence language → compliance obligation; tariff/trade-remedy language → import cost; subsidy/fast-track/relaxation language → support; investment-screening/M&A language → investment control. When the text carries no signal we fall back to the action-type default and label the chip inferred; when neither exists the card says so and derives no response — we never assert a class the evidence doesn't support.lib/iptm-material-country-production.ts; mining stage preferred, refining as fallback — the stage and source year are in each figure's hover text). Ex-issuer supply removes the ISSUING country and renormalises the remaining listed shares (so they sum to 100% of what's left) — alternatives to the country making the rule, never a default ex-China list. Where the issuer holds no measurable share, the card says so plainly instead of implying supply loss.lib/alternative-viability.ts): each named alternative carries a deployment status — operating / ramping / restarting / development / unknown — derived from word-boundary signal phrases in its own dossier (“operating since 1896”, “restarting the … mine”, “FID taken”), and the verbatim matched phrase is shown as the basis so the claim is auditable; a dossier with no signal stays unknown, never guessed. Any evidenced production date is quoted verbatim (“first production targeted H2 2029” → “no tonnes before 2029”) — we never synthesize one. A measure whose own text claims extraterritorial / re-export / de-minimis / foreign-direct-product / percentage-of-value scope triggers the origin-switching warning above the list: such a rule follows the material, not the seller, so a foreign-made alternative can still be captured. Same-issuer register actions targeting an alternative's country and material mark it may be captured, with the entries linked. “Capacity partly committed” lines quote the dossier verbatim — we hold no structured free-capacity numbers and never imply a utilisation figure.How MacroLens tracks this for you. The policy register files new measures daily and this page recomputes from it — the same chokepoints are monitored live on the watchlist and in the full register.