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What does lateritic mean?

Looking for the meaning or definition of the word lateritic? Here's what it means.

Adjective
  1. Of or pertaining to laterite.
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Examples
Mandan Steel will make a contract for the procurement of basic material in the form of iron ore with PT Yiwan Mining and PT Sebuku Iron Lateritic Ore in South Kalimantan.
Important lateritic nickel deposits are found in New Caledonia, Indonesia, and Cuba, all of which are associated with island arc volcanism and plate margins.
The enclosing rock was a schist that has now altered to a lateritic clay.
Bauxite and lateritic iron ores, for instance, are known to favor tropical climates.
Most of the route stretches through rolling green hills and intervening rice paddies underlain with rich red lateritic soils.
Pricing for lateritic nickel material is a function of nickel price on London Metals Exchange, ore grade, moisture, iron content, recovery and contained deleterious elements.

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