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Magnetite Production Line Magnetite is the most magneticof all the naturally occurring minerals on Earth Naturally magnetized pieces of magnetite called lodestone will attract small pieces of iron and this was how ancient people first noticed the property of magnetism It is black or brownish black with a metallic luster has a Mohs hardnessof 5–6 and a blackstreak.Economy India has huge reserves of quality iron ore which can fulfil the growing demand for domestic iron and steel industry as well as sustain large external trade The most important iron ore types found in India are hematite and magnetite Nearly 61 of hematite ore deposits are found in the eastern part of India and 82 of magnetite ore.
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