HANDY & HARMAN's Precious Metal activities include the fabrication of precious metal and their alloys into brazing alloys and the utilization of precious metal in precision electroplating. HANDY & HARMAN's profits from precious metal products are derived from the "value added" of processing and fabricating and not from the purchase and resale of precious metal. In accordance with general practice in the industry, prices to customers are a composite of two factors: (1) the value of the precious metal content of the product and (2) the "fabrication value", which includes the cost of base metals, labor, overhead, financing and profit. Fabricated precious metal brazing alloys are used in many industries including automotive, air conditioning, general industrial and other metal-joining industries. HANDY & HARMAN is engaged in precision electroplating (often using gold, silver, palladium and various base metals) of electronic and electrical components primarily for use for use in the automotive industry.