Summery
Immediately available, ready to ship, is a stockpile of Magnetite, 60000 ton at the port in Richards bay, South Africa.
Product Details
Commodity: Magnetite – Stockpile bulk shipment
Merchant: The Reinhuys Company
Location: Richards Bay, Shincel Port, South Africa
Terms: FOB or CIF
Chemical Composition:
| Fe | 53.82 % |
| Fe3O4 | 74.38 % |
| V2O5 | 0.684 % |
| TiO2 | 12.14 % |
| Moisture | 5.80 % |
Magnetite – a key raw material for iron and steel production
Magnetite (Fe₃O₄) is a high-density, iron-rich mineral widely used across multiple industries. With an Fe content of 53.82% and Fe₃O₄ at 74.38%, it is commonly sought after in the steel and metallurgy industries as a key raw material for iron and steel production.
Its high-density properties also make it valuable for heavy media separation in coal washing plants. Additionally, magnetite is used in the production of vanadium due to its V₂O₅ content (0.684%), while its TiO₂ (12.14%) composition makes it relevant for titanium extraction.
Other applications include water purification, dense media separation, and as an aggregate in high-density concrete for radiation shielding. Potential buyers include steel manufacturers, coal processing plants, vanadium and titanium producers, and companies involved in industrial applications requiring high-purity iron oxides.
