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Iron Ore Statistics and Information. 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 (Fe 3 O 4) and hematite (Fe 2 O 3) Iron ore is the source of primary iron for the worlds iron and steel industri...

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Characteristics of global iron ore resource distribution. The global iron ore resources are very abundant, and the long-term supply can be guaranteed. The global iron mine reserves increased from 232 billion tons in 1996 to 370 billion tons in 2006, an increase of 59.5% in 10 years.

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