Bornite Bornite Bornite, also known as peacock ore, is a sulfide mineral with chemical composition CuFeS that crystallizes in the orthorhombic system (pseudo-cubic). Bornite has a brown to copper-red color on fresh surfaces that tarnishes to various iridescent shades of blue to purple in places. Its striking iridescence gives it the nickname "peacock copper" or "peacock ore". Bornite is an important copper ore mineral and occurs widely in porphyry copper deposits along with the more common chalcopyrite. Chalcopyrite and bornite are both typically replaced by chalcocite and covellite in the supergene enrichment zone of copper deposits. Bornite is also found as
Ore in China. Iron ore is traded between customer and producer, though various benchmark prices are set quarterly between the major mining conglomerates and the major consumers, and this sets the stage for smaller participants. Other, lesser, commodities do not have international clearing houses and benchmark prices, with most prices negotiated between suppliers and customers one-on-one. This generally makes determining the price of ores of this nature opaque and difficult. Such metals include lithium, niobium-tantalum, bismuth, antimony and rare earths. Most of these commodities are also dominated by one or two major suppliers with >60% of the world's reserves. The London