Bovine heart mitochondria were found to bind large amounts of Cu2+, Cu+, Fe2+, and Fe3+ in a rapid, energy-independent reaction. Binding was more than 80% complete within 15 s (the shortest time tested). To prevent disproportionation of Cu+ to Cu2+ and Cu0, a cuprous-acetonitrile-perchlorate complex was used. Fe3+ was added as the 8-hydroxyquinoline or the citrate derivative. Of Cu2+, Fe2+, and Fe3+, 1.5 to 2.5 µmoles per mg of protein could be bound in the absence of phosphate, while as much as 4 to 6 µmoles per mg of protein were bound in the presence of phosphate. A Cu2+- or Fe2+-dependent Pi uptake was observed with cation to Pi uptake ratios of 1.5 to 1.8, suggestive of the formation of Cu3(PO4)2 or Fe3(PO4)2. Cu+ binding, however, was limited to about 120 nmoles per mg of protein and a Km value of 0.42 m m was obtained. The binding of copper was inhibited by chelating agents. Bound copper was not removed by washing with sucrose, respiratory inhibitors, detergents, or mercurials, but was removed by chelating agents having a strong affinity for copper. Some of the Cu2+ was converted to Cu+ on being bound. Iron, once bound, was essentially attached in an irreversible manner, since it was not removed by various chelating agents and other additives. However, the initial iron binding was sensitive to these additives, which suggests that iron may initially bind in a reversible manner. Cu2+ and Cu+ binding was only slightly inhibited by Ca2+, Sr2+, Mg2+, Mn2+, and the inhibition was not increased by adding phosphate or a source of energy. Zn2+, Ag+, and especially Hg2+, were more potent inhibitors of copper-binding than the above cations. There was no inhibition by monovalent cations. No competition was observed between copper and iron. In fact, copper was slightly stimulatory to the binding of iron, while iron was slightly stimulatory to the binding of copper. Thus, copper and iron do not bind to the same locus. The binding of Fe3+ was insensitive to Ca2+, Sr2+, Zn2+, or K+ in the presence or absence of Pi, or in the presence of an energy source. The binding of Fe2+ was inhibited by the monovalent cations Li+, Na+, and K+. Divalent cations, such as Mn2+, Ca2+, Sr2+, and Mg2+ were about 25 to 40% inhibitory toward Fe2+ binding at concentrations twice that of Fe2+. Zn2+ and Hg2+ were more potent inhibitors of Fe2+ binding (70 to 80% inhibition) than the other divalent cations. It is concluded that Cu+ and Cu2+ may bind to the sites implicated by others as binding Hg2+ and Zn2+. Fe2+ and Fe3+ bind to sites that are different than the sites which bind Cu+ and Cu2+ and the sites which bind Ca2+.