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Magnetite ore is a type of iron ore that is mined from iron ore deposits. It is composed of ferric oxide and is the most magnetic of all the naturally occurring minerals on Earth. Magnetite ore is used in the production of iron and steel, and is also used in coal washing and heavy media separation. It is also used in the production of titanium dioxide and other industrial applications.
The magnetite ore market is driven by the demand for iron ore in the steel industry. The price of magnetite ore is determined by the demand and supply of iron ore in the global market. The quality of magnetite ore is also a factor in determining its price.
Some of the major companies in the magnetite ore market include BHP Billiton, Rio Tinto, Vale, Anglo American, and Fortescue Metals Group. These companies are involved in the production, processing, and trading of magnetite ore. Show Less Read more
