Article   Science & Speculation    
Meteoric Iron is a resource that is of some use to the Terra Nova colony, but its current use is unknown. However,
Acero meteorico
the quarry where it is mined is controlled by the Sixers, making acquisition of the material difficult for the colonists. The Sixers used the iron in a trade with Commander Taylor for Carter and medical items (the Sixers also requested ammunition, but they were denied this). ("Genesis")

In "Occupation", when Lucas, Weaver and Hooper are looking out over the valley where they plan to detonate the pyrosonic, Hooper comments "This whole valley is rich with meteoric ore. There are impact craters everywhere, you just can't see 'em because of the canopy." Lucas asks "How much is out there?" and Hooper responds "couple o' hundred thousand tons, easy."