Natural Resources of Azerbaijan composed of pyrite and chalcopyrite. Copper-porphyry formations’ ores consist of molybdenum and small amount of noble metals. There are many copper-porphyry formation’s ore in this region except Garadagh and Xarxar deposits (Gedebey ore region). There are copper-porphyte in the Mehmana ore-bearing region (Demirli and Xançincay). Copper-porphyry ore-bearing in the Nakhchivan Autonomous Republic, is mainly located on the Mehri-Ordubad granitoid batholite's exo and endocontact zones (Diakhchay, Goygol, Goydagh etc.). In addition, Halhal copper-pyrite, Goygol, Agridağ copper, Nashirvaz, Kilit-Katam copper-cobalt, Nergirvaz copper-polymetallic are known in this region. Molybdenum field are found in Dalidagh (Teymuruchandagh, Baghırsag, etc.) and Ordubad ore regions (Paraghachay Diachchay).
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