Laterite is a soil and rock type rich in iron and aluminium, and is commonly considered to have formed in hot and wet tropical areas. Nearly all laterites are of rusty-red coloration, because of high iron oxide content. They develop by intensive and long-lasting weathering of the underlying parent rock. Tropical weathering (laterization) is a prolonged process of chemical weathering which produces a wide variety in the thickness, grade, chemistry and ore mineralogy of the resulting soils. The majority of the land area containing laterites is between the tropics of Cancer and Capricorn.