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2026-11-04 14:46:27
[Heraeus Accused of Systematically Underreporting Precious Metal Content for a Long Period; €170 Million Settled in Reserve] ⑴ An independent investigation has found that German precious metals refiner Heraeus has been systematically underreporting the precious metal content of materials processed for its clients, further exacerbating the crisis facing one of the world's largest platinum refiners. ⑵ The law firm handling the investigation called this practice "highly questionable from a legal standpoint." ⑶ The investigation alleges that for over a decade, Heraeus downgraded test results for 450 clients worldwide, resulting in reduced cash or refined metal quantities received by clients after material processing. ⑷ Heraeus has set aside €170 million to address potential repercussions from the investigation's findings.
