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Iron ore is amongst the three naturally magnetic elements; the mediocre ones are cobalt and nickel. Iron is regarded as the magnetic in the three. The mineral magnetite (Fe3O4) can be a naturally sourced metallic mineral that is occasionally seen in sufficient quantities to be an ore of iron. The principle ores of iron are Hematite, (70% iron) and Magnetite, (72 % iron). Taconite is a low-grade iron ore, containing up to 30% Magnetite and Hematite.
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