Smelting is a process of applying heat and a chemical reducing agent to an ore to extract a desired base metal product. It is a form of extractive metallurgy that is used to obtain many metals such as iron, copper, silver, tin, lead, and zinc. Smelting uses heat and a chemical reducing agent to decompose the ore, driving off other elements as gases or slag and leaving the metal behind. The reducing agent is commonly a fossil-fuel source of carbon, such as carbon monoxide from incomplete combustion of coke—or, in earlier times, of charcoal. The oxygen in the ore binds to carbon at high temperatures, as the chemical potential energy of the bonds in carbon dioxide (CO₂) is lower than that of the bonds in the ore.

Sulfide ores such as those commonly used to obtain copper, zinc, or lead, are roasted before smelting in order to convert the sulfides to oxides, which are more readily reduced to the metal. Roasting heats the ore in the presence of oxygen from air, oxidizing the ore and liberating the sulfur as sulfur dioxide gas.

Smelting most prominently takes place in a blast furnace to produce pig iron, which is converted into steel. Plants for the electrolytic reduction of aluminium are referred to as aluminium smelters.

Smelters can be classified into two types depending on their business model; custom smelters and integrated smelters. A custom smelter is a smelter that treats ore on behalf of customers or buy ores. Custom smelters depend on ore concentrates from mines of mines of different ownership. Integrated smelters depend directly on a specific mining operation and tend to lie next to a mine.

Smelting involves more than just melting the metal out of its ore. Most ores are the chemical compound of the metal and other elements, such as oxygen (as an oxide), sulfur (as a sulfide), or carbon and oxygen together (as a carbonate). To extract the metal, workers must make these compounds undergo a chemical reaction. Smelting, therefore, consists of using suitable reducing substances that combine with those oxidizing elements to free the metal.

In the case of sulfides and carbonates, a process called "roasting" removes the unwanted carbon or sulfur, leaving an oxide, which is more suitable for reduction to metal. Roasting is usually carried out in an oxidizing environment. A few practical examples:

For sulfide ores, roasting results in replacement of sulfide, partly or completely, by oxide. For molybdenum disulfide, the main ore of Mo, roasting proceeds as follows:

Reduction is the final, high-temperature step in smelting, in which the oxide becomes the elemental metal. A reducing environment (often provided by carbon monoxide, made by incomplete combustion in an air-starved furnace) pulls the final oxygen atoms from the raw metal. The carbon source acts as a chemical reactant to remove oxygen from the ore, yielding the purified metal element as a product. The carbon source is oxidized in two stages. First, carbon (C) combusts with oxygen (O₂) in the air to produce carbon monoxide (CO). Second, the carbon monoxide reacts with the ore (e.g. Fe₂O₃) and removes one of its oxygen atoms, releasing carbon dioxide (CO₂). After successive interactions with carbon monoxide, all of the oxygen in the ore will be removed, leaving the raw metal element (e.g. Fe). As most ores are impure, it is often necessary to use flux, such as limestone (or dolomite), to remove the accompanying rock gangue as slag. This calcination reaction emits carbon dioxide.