Step 1: Understanding the Concept:
Laterization (ferrallitization) is a pedogenic process occurring in warm, humid tropical climates characterized by intense chemical weathering and desilication.
Key Formula or Approach:
\[ \text{Laterite Soil} \approx \text{Hydrated Oxides of Iron (}\text{Fe}_2\text{O}_3\text{) and Aluminum (}\text{Al}_2\text{O}_3\text{) [Sesquioxides]} \]
Step 2: Detailed Explanation:
Under alternating wet and dry tropical climates:
Intense leaching washes away soluble basic cations ($Ca, Mg, K, Na$) and silica (desilication).
The residual soil matrix becomes heavily enriched in insoluble, immobile hydrated oxides of Iron (giving laterites their characteristic brick-red color) and Aluminum (sesquioxides, $\text{Fe}_2\text{O}_3$ and $\text{Al}_2\text{O}_3$).
Step 3: Final Answer:
Thus, most Laterite soils are rich in Iron and Aluminum, matching option (D).