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Australia and Brazil are the leading exporters of magnetite globally, accounting for the majority of seaborne shipments, while China, Japan, and South Korea remain the largest importers, driven by steelmaking demand. Magnetite prices have remained relatively stable amid steady export volumes from major Southern Hemisphere suppliers. Recent data shows a modest increase in magnetite exports from South Africa and a slight diversification of supply sources, though Australia and Brazil continue to dominate global export flows.
Magnetite (Fe₃O₄) is a black, crystalline, odorless solid with a metallic luster and strong magnetic properties; it is non-volatile, insoluble in water, and has a high melting point of approximately 1597 °C. It is an inorganic iron oxide mineral and the most magnetic naturally occurring compound on Earth. Magnetite is widely used as a raw material in iron and steel production, as a pigment in coatings and inks, and as a catalyst or catalyst support in chemical synthesis—particularly in ammonia production and Fischer–Tropsch processes. It also serves in environmental applications such as water treatment and heavy metal removal, and as a functional filler in polymer composites and electromagnetic shielding materials.
Diagnostic aid, magnetic resonance imaging (MRI); treatment of iron deficiency.
Black mineral, black streak, submetallic or dull to metallic luster. Contains 72.4% iron.Readily recognized by strong attraction by magnet. Soluble in powder form in hydrochloric acid.Decomposes at 1538C to ferric oxide Fe2O3.
This chemical is included in Basic Chemicals. See more about what is Iron oxide black and Iron oxide black SDS information.
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