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INFOGRAPHIC: Magnetite is the future of iron ore

MINING.COM Editor | June 19, 2013 | 5:19 pm Africa Asia Australia China Europe Latin America Iron Ore 

Visual Capitalist illustrates the importance of magnetite in its newest infographic.

Magnetite ore, long the leading source of domestic iron supply in North America, Europe and China, is now increasingly relevant across the globe. The perception that magnetite ore is an inferior substitute to hematite ore is now firmly changing.

As easily accessibly, economic hematite deposits become rarer, magnetite ore will continue to emerge as an important source of the world’s iron.

Magnetite: The Future of Iron Ore

Comments

  • Tsung-Yen Huang

    Magnetite ore is also a suitable raw material for the new ironmaking process by carbothermic reduction. However, there are rare commercial magnetite concentrate to buy.

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