Chalcopyrite copper during hydrothermal circulation. Chalcopyrite is concentrated in this environment via fluid transport. Porphyry copper ore deposits are formed by concentration of copper within a granite stock during the ascent and crystallisation of a magma. Chalcopyrite in this environment is produced by concentration within a magmatic system. Chalcopyrite is an accessory mineral in Kambalda type komatiitic nickel ore deposits, formed from an immiscible sulfide liquid in sulfide-saturated ultramafic lavas. In this environment chalcopyrite is formed by a sulfide liquid stripping copper from an immiscible silicate liquid. Chalcopyrite is the most important copper ore. Chalcopyrite ore occurs in a variety of
Iron ore largest steel producing country. It is also the largest importer, buying 52% of the seaborne trade in iron ore in 2004. China is followed by Japan and Korea, which consume a significant amount of raw iron ore and metallurgical coal. In 2006, China produced 588 million tons of iron ore, with an annual growth of 38%. Over the last 40 years, iron ore prices have been decided in closed-door negotiations between the small handful of miners and steelmakers which dominate both spot and contract markets. Traditionally, the first deal reached between these two groups sets a "benchmark" to be followed