Laterite is a soil 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 prolonged weathering of the underlying parent rock, usually when there are conditions of high temperatures and heavy rainfall with alternate wet and dry periods. The process of formation is called laterization. Tropical weathering 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.

Weathering is the deterioration of rocks, soils and minerals through contact with water, atmospheric gases, sunlight, and biological organisms. Weathering occurs in situ, and so is distinct from erosion, which involves the transport of rocks and minerals by agents such as water, ice, snow, wind, waves and gravity.