Ore be processed and what ore is of too low a grade to be worth mining. Metal ores are generally oxides, sulfides, silicates, or native metals (such as native copper) that are not commonly concentrated in the Earth's crust, or noble metals (not usually forming compounds) such as gold. The ores must be processed to extract the elements of interest from the waste rock and from the ore minerals. Ore bodies are formed by a variety of geological processes. The process of ore formation is called ore genesis. An ore deposit is an accumulation of ore. This is distinct from a
Iron ore addition to swaps. The CME group has been the venue most utilised for clearing of options written against TSI, with open interest at over 12,000 lots in August 2012. Singapore Mercantile Exchange (SMX) has launched the world first global iron ore futures contract, based on the Metal Bulletin Iron Ore Index (MBIOI) which utilizes daily price data from a broad spectrum of industry participants and independent Chinese steel consultancy and data provider Shanghai Steelhome's widespread contact base of steel producers and iron ore traders across China. The futures contract has seen monthly volumes over 1.5 million tonnes after eight months