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Analysis - Iron Ore

Iron Ore 5 year chart

 

 

Iron ore. Source: Wikipedia

Iron ore is a mineral substance which, when heated in the presence of a reductant, will yield metallic iron (Fe).   It almost always consists of iron oxides, the primary forms of which are magnetite (Fe3O4) and hematite (Fe2O3).

Iron ore is the source of primary iron for the world's iron and steel industries. It is therefore essential for the production of steel, which in turn is essential to maintain a strong industrial base.

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