geology.com
Iron is one of the most important commodities in the world. If the iron industry was a country, it would have the 24th largest in 2017. Iron now accounts for %95 of all metal produced per year, and the world's developing economies are driving iron demand to all-time records.
With rapidly growing demand, an important paradigm shift is occurring in the iron sector: 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 Magmatite Ore is an inferior substitute to Hematite Ore is now firmly changing.
These two main types of iron ores have important differences: Hematite and Magnetite.
Hematite gets its name from its blood-red colour, as it resembles haemoglobin. Magnetite is magmatic and hematite is not.
Sources : Visualcapitalist.com
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