THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46621

Wholesale of ferrous and non-ferrous metal ores

ประกอบกิจการซื้อ ขายเหล็กมือสอง เศษเหล็ก โลหะทุกชนิด อลูมิเนียม สแตนเลส สายไฟ ทองเหลือง ทองแดง พลาสติค กระดาษ รวมถึงเศษวัสดุเหลือใช้จากโรงงานอุตสาหกรรมทุกประเภท

What this activity covers

Companies in this sector wholesale ferrous and non-ferrous metal ores, including precious metals.

  • Iron ore wholesale — Trading of iron ore
  • Precious metals wholesale — Trading of gold, silver, and platinum
  • Non-ferrous metals wholesale — Trading of metals like copper, lead, and aluminum

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Mineral trading — Buying and selling various minerals
  • Aluminum products — Sales and installation of aluminum items
  • Refining services — Providing refining for precious metals

Not included here

  • Wholesale scrap metal View 46695 activities

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

729
active companies operate here
฿7.2Bregistered capital, combined
฿3526.2B
Sector revenue · 2025
+7771% since 2023
฿65.4M
Net profit · 2025
244 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
60%of new registered capital is foreign-held
฿133.1M foreign฿88.3M Thai

Foreigners are strongly represented in new investment under this activity.

1 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

49+4.3%

registrations, YTD

Registered capital

฿7.2B+4.4%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1MTS Gold Co., Ltd.฿3469.1B
  2. 2Lobb Heng (Thailand) Co., Ltd.intl฿10.0B
  3. 3Silver Purity Co., Ltd.฿8.3B
  4. 4Yumikor Precious Metals (Thailand) Co., Ltd.฿5.4B
  5. 5LF METAL CO., LTD.฿2.0B

Largest by registered capital

  1. 1MTS Gold Co., Ltd.Bangkok฿1.0B
  2. 2YA TAI ALUMINUM INDUSTRY (THAILAND) CO., LTD.Rayong฿500.0M
  3. 3Global Bamboo Land Co., Ltd.Bangkok฿500.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

247
Registered
since 2022
229
Still active
18
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2014peak 61 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand