Ore study of economic geology, or ore genesis. The classifications below are typical. The basic extraction of ore deposits follows these steps: Ores (metals) are traded internationally and comprise a sizeable portion of international trade in raw materials both in value and volume. This is because the worldwide distribution of ores is unequal and dislocated from locations of peak demand and from smelting infrastructure. Most base metals (copper, lead, zinc, nickel) are traded internationally on the London Metal Exchange, with smaller stockpiles and metals exchanges monitored by the COMEX and NYMEX exchanges in the United States and the Shanghai Futures Exchange
Lateritic nickel ore deposits It is bound in newly formed phyllosilicate minerals. All the nickel in the silicate zone is leached downwards (absolute nickel concentration) from the overlying goethite zone. Typical nickel laterite ore deposits are very large tonnage, low-grade deposits located close to the surface. They are typically in the range of 20 million tonnes and upwards (this being a contained resource of 200,000 tonnes of nickel at 1%) with some examples approaching a billion tonnes of material. Thus, typically, nickel laterite ore deposits contain many billions of dollars of in-situ value of contained metal. Ore deposits of this type are restricted to