Ore genesis with igneous rocks. The world's major copper deposits are formed within the granitic porphyry copper style. Copper is enriched by processes during crystallisation of the granite and forms as chalcopyrite — a sulfide mineral, which is carried up with the granite. Sometimes granites erupt to surface as volcanoes, and copper mineralisation forms during this phase when the granite and volcanic rocks cool via hydrothermal circulation. Sedimentary copper forms within ocean basins in sedimentary rocks. Generally this forms by brine from deeply buried sediments discharging into the deep sea, and precipitating copper and often lead and zinc sulfides directly onto the
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