Note: $10 per piece
 
One of the most significant properties of magnetite is its strong magnetic nature. It is attracted to magnets and can be magnetized itself. This property makes magnetite useful in various applications, including compasses, magnetic storage media, and in the production of magnets.
 
Magnetite is also an important iron ore mineral. It is a major source of iron for industrial purposes and is mined extensively for its iron content. Large deposits of magnetite are found in several countries around the world, including Russia, China, Brazil, Australia, and South Africa.