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USGS Minerals Information: Iron Ore

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 world's iron and steel industries.

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Iron mining in the United States produced 42.5 million metric tons of iron ore in 2015, worth US$3.8 billion. Iron ore was the third-highest-value metal mined in the United States, after gold and copper. Iron ore was mined from nine active mines and three reclamation operations in Michigan, Minnesota, and Utah.Most of the iron ore was mined in northern Minnesota’s Mesabi Range.

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Iron ores are rocks and minerals from which metallic iron can be economically extracted. ron is the world's most commonly used metal - steel, of which iron ore is the key ingredient, represents almost 95% of all metal used per year.

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Chinese Iron Ore Stockpiles Rise To Record As End Demand Plummets. ... Iron ore stockpiles in China, the world’s biggest buyer, climbed to a record as traders increased imports to use the steel-making raw material as collateral for credit and domestic demand remained weak. ... will dare deviate from the current status quo course of ...

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