Thermite welding is an exothermic process initiated by a reaction between a metal oxide and aluminum, allowing for the fusion of metals without the need for external power except for preheating in some cases. This method is versatile, applicable in remote locations for various welding tasks, including rail joining, with the ability to provide high temperatures for melting. Despite its advantages, including portability and simplicity, thermite welding presents limitations such as the requirement for replaceable molds and its unsuitability for certain metal types and wet conditions.