Stannite The name comes from the Latin for tin: "stannum". It was first described in 1797 for an occurrence in Wheal Rock, St. Agnes, Cornwall, England. Stannite Stannite is a mineral, a sulfide of copper, iron, and tin. The chemical formula CuFeSnS. Zinc commonly occurs with the iron and trace germanium may be present. Stannite is used as an ore of tin, consisting of approximately 28% tin, 13% iron, 30% copper, 30% sulfur by mass. It is found in tin-bearing, hydrothermal vein deposits occurring with chalcopyrite, sphalerite, tetrahedrite, arsenopyrite, pyrite, cassiterite, and wolframite. It is also known as "bell metal ore"
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