The C-type (chondrite) asteroids are most common, probably consist of clay and silicate rocks, and are dark in appearance. They are among the most ancient objects in the solar system.
The M-types are metallic (nickel-iron). The asteroids’ compositional differences are related to how far from the sun they formed. Some experienced high temperatures after they formed and partly melted, with iron sinking to the center and forcing basaltic (volcanic) lava to the surface. The asteroid shown above is nearly pure Platinum estimated to be worth more than $5 trillion.
The S-types (“stony”) are made up of silicate materials and nickel-iron.
Main Asteroid Belt: The majority of known asteroids orbit within the asteroid belt between Mars and Jupiter, generally with not very elongated orbits. The belt is estimated to contain between 1.1 and 1.9 million asteroids larger than 1 kilometer (0.6 mile) in diameter, and millions of smaller ones. Early in the history of the solar system, the gravity of newly formed Jupiter brought an end to the formation of planetary bodies in this region and caused the small bodies to collide with one another, fragmenting them into the asteroids we observe today.
Trojans: These asteroids share an orbit with a larger planet, but do not collide with it because they gather around two special places in the orbit (called the L4 and L5 Lagrangian points). There, the gravitational pull from the sun and the planet are balanced by a trojan’s tendency to otherwise fly out of the orbit. The Jupiter trojans form the most significant population of trojan asteroids. It is thought that they are as numerous as the asteroids in the asteroid belt. There are Mars and Neptune trojans, and NASA announced the discovery of an Earth trojan in 2011.