Results for tag: "Magnetite"

Magnetite is a type of iron ore that is used in the production of iron and steel. It is a naturally occurring mineral that is mined from the earth and is composed of iron oxide. Magnetite is a valuable source of iron because it is the most magnetic of all the naturally occurring minerals on earth. It is also the most abundant iron ore, making it an important component of the global iron and steel industry. Magnetite is used in the production of steel in two ways. Firstly, it is used as a source of iron in the production of pig iron, which is then used to make steel. Secondly, it is used as a fluxing agent in the steel-making process. The fluxing agent helps to reduce the melting point of the iron ore, allowing it to be more easily melted and processed. Magnetite is also used in the production of other iron-based products, such as magnets and catalysts. It is also used in the production of cement, glass, and ceramics. Some companies in the Magnetite market include BHP Billiton, Rio Tinto, Vale, and Cleveland-Cliffs. Show Less Read more