Magnetite Iron Ore is of little value in its raw state, but it offers considerable advantages in its concentrated form. These include providing a viable iron-making commodity for premium quality steel production and releasing less carbon emissions in steel production.
Magnetite Iron Ore’s most distinctive property is its magnetism. It is the most magnetic mineral in the world. Additionally, obtaining iron from hematite ore can produce a great deal of carbon emissions, and the process for magnetite is much less harmful. The product from magnetite ore is also of higher quality than from hematite ore. The former has less impurity, making it a premium product that can be sold to steel makers.