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Magnetite: Complete Guide (2024)

Magnetite: Complete Guide (2024)

In this post, we reveal everything you need to know about magnetite, including its meaning, properties, types, colors, and uses. Let's get started!


Magnetite is one of the most unique precious stones there is! This is mainly due to the fact that it is the only gemstone which is actually magnetic. It has positive- negative polarity and will attract and repel other materials. Another name for magnetite is lodestone or magnetic hematite. It can be a variety of dark hues. Black, grey, black-grey and silver-grey are all color variations that are possible for magnetite. 

In this complete guide we will explore its fascinating properties. Magnetite is an iron oxide mineral that has been used for centuries in various applications, from jewellery to medical treatments. It has also been used as a natural compass since ancient times. 

We will discuss the history of magnetite, its physical and metaphysical properties, as well as its many uses. We will also explore the potential for magnetite to be used in modern technology, such as in medical treatments and energy production.

Finally, we will discuss the environmental implications of mining and using magnetite. Read on to discover more in our complete guide!

  • Magnetite Meaning
    • What is Magnetite
      • What is Magnetite Used for
      • Is Magnetite Magnetic
      • How Much does Magnetite Cost
      • What Color is Magnetite
      • What does Magnetite Look Like
      • Magnetite Spiritual Meaning
    • Magnetite Healing
    • Magnetite Jewellery Benefits
    • Where to Find Magnetite
      • Magnetite in Canberra
      • Magnetite Mines in Australia
      • Magnetite Sand Locations Minnesota
      • Magnetite in China
  • Magnetite Properties
    • Magnetite Metaphysical Properties
    • Magnetite Healing Properties
  • Magnetite vs Hematite
    • What is Different About Magnetite and Hematite
  • Magnetite vs Lodestone
  • Magnetite Color
    • Magnetite Gray
    • Black Magnetite
    • White Magnetite
  • Magnetite Types
    • Polished Magnetite
    • Raw Magnetite
    • Natural Magnetite
  • Magnetite Jewellery
    • Magnetite Necklace
  • Magnetite Uses
    • Magnetite Powder
    • Magnetite Windows
    • Magnetite Makeup
  • How to Make Magnetite
  • How to Cleanse Magnetite
  • Magnetite for Sale
    • Price of Magnetite
      • Magnetite Powder Price
      • How Much is Magnetite Worth per Pound
    • Bulk Magnetite
    • Where to Buy Magnetite

Magnetite Meaning

The magnetite definition as per Oxford Languages is: “A grey-black magnetic mineral which consists of an oxide and is an important form of iron ore.” It’s considered one of the main iron ores and has a chemical formula of Fe²⁺Fe³⁺₂O₄.

The definition of an iron ore is a rock which iron can be extracted from. The iron is then sold to make a profit. Therefore, magnetite can be considered a profitable stone.

What is Magnetite

You may be asking yourself who first discovered the magnetite crystal? It is believed that the ancient Greeks first discovered the magnetic rock. The specific place in which it was discovered is a region of Asia Minor called Magnesia.

Magnetite attracted pieces of iron which demonstrated the natural phenomenon of magnetism to the people who were first around to witness it. The study of magnetism then unfolded as a result of these early observations.

What is Magnetite Used for

Magnetite rock is currently utilized in the world of medicine. It has been found to be a useful substance within the framework of DNA extraction. The use of magnetite-silica composites and magnetite in the DNA extraction process from kernels of maize has been more successful and performed better than other DNA extraction kits that have been used in the past for the same purpose. The magnetism within the rock definitely has something to do with its effectiveness.

Is Magnetite Magnetic

Yes! Magnetite is most definitely magnetic. Its name indicates as much. It attracts other materials towards itself including actual magnets. The iron within the magnetite is the substance that sticks to magnets. This rock is naturally magnetic and not man-made to be this way which makes it somewhat unique. It is considered to be the most naturally occurring magnetic mineral on this earth. 

How Much does Magnetite Cost

According to Ebay, 1.2 kg of magnetite crystals from Pakistan costs around two hundred and thirty-three dollars. This is not an expensive stone if you compare this price to other precious stones like rubies, emeralds, sapphires and even other lower-end gemstones.

A large part of why this stone isn’t very expensive is due to the simple law of supply and demand. Magnetite is available in abundance and so the price is on the lower side.

What Color is Magnetite

black, white and gray grid

Magnetite comes in a variety of shades. However, these shades are all on the darker side of the color wheel. Black, charcoal, dark grey, grey and silvery grey are all possible hues of magnetite.

The way the stone shines in the light also opens it up to slight color variations. Its sheen can be seen as bright silver or even bronze. In summary, these stones are dark. With the exception of white magnetite, of course!

What does Magnetite Look Like

Let’s be honest, magnetite isn’t the most beautiful gemstone on the market. It’s relatively basic in appearance but its usefulness makes up for that tenfold. In its raw form it looks like a black or charcoal hunk of raw rock.

It can be shimmery at times boasting flashes of gold, silver, bronze or copper. When it’s faceted and polished it can look much shinier and sleeker. Its clean lines give it a sophisticated look and feel.

Magnetite Spiritual Meaning

Just as magnetite physically attracts and repels objects, so does it attract and repel energy. It attracts good, lively energy to a person but also leaves them in a state of calm. It is thought to alleviate negative emotions while simultaneously attracting positive emotions.

Examples of negative emotions would be grief, fear and anger and examples of positive emotions would be resilience, endurance and tenacity. It is a powerfully energetic stone.

Magnetite Healing

It is believed that the magnetite stone possesses healing energies that benefit us on a physical level. Improvement of the functioning of the circulatory system is one of these believed benefits.

More blood flow throughout the body increases the amount of oxygen that reaches compromised parts of the body. This promotes healing. It is also thought to act as an anti-inflammatory as well as increase a person’s red blood cell count, which prevents anemia.

Magnetite Jewellery Benefits

Wearing magnetite jewellery is beneficial because keeping magnetite close to your body at all times is a powerful way to reap the stones metaphysical benefits. For example, magnetite is known to possess strong receptive energy that attracts prosperity and good fortune.

Wearing a lucky stone as jewellery can’t hurt! If anything it will only benefit your chances of success. So, consider trying out some magnetite jewellery and see how far it gets you!

Where to Find Magnetite

Magnetite is found in various locations around the world. It is found in abundance in black beach sand. Examples of such locations are as follows: Hong Kong, United States, New Zealand, Canberra, Australia and China.

It is also found abundantly in the mountains as well as in mountain caves. In these caves it is found on the walls and the ceilings. If you’re wanting to see magnetite in its natural habitat then caves are a good place to look.

Magnetite in Canberra

Magnetite can be found in the Australian Capital Territory of Canberra. As a result, there are many mines that have been built in this location. Chinese companies are collaborating with the Australian government as well as with Australian businesses on this matter.

Magnetite is a lucrative business and many individuals from different walks of life are realizing the benefit of getting involved in the trade of this mineral.

Magnetite Mines in Australia

The magnetite mineral has many mines in Australia. It is a relatively new and budding industry in this specific country. You may be wondering why it has been developed on such a big scale.

Australia figured out that it would generate massive employment and regional development opportunities while reducing the country's carbon footprint. Iron ore is a major resource that is needed worldwide. Now Australia has another mineral at its disposal to export.

Magnetite Sand Locations Minnesota

Magnetite is found in abundance in the state of Minnesota. Which is definitely a magnetite location. Iron ore is one of the four main minerals found in Minnesota. The rest are gold, copper-nickel-PGM and titanium.

The number of active peat mines in Minnesota comes in at ten and the first shipment of iron ore was shipped from Minnesota in 1884 from the Soudan Open Pit Mine. So, magnetite mining is considered an old practice in the state of Minnesota.

Magnetite in China

China’s economy is one of rapid economic growth. Therefore the country’s demand for iron ore has steadily increased over the years. China has constructed many magnetite mines in the country itself but they find themselves in need of additional supplies of the material.

This is because they need to keep up with industrial growth. They have recently struck a deal and are about to tap into the iron ore supply of Guinea in West Africa. 

Magnetite Properties

Magnetite has a strong magnetic field and can even be used to generate electricity. Its hardness is between 5.5 and 6.5 on the Mohs scale which makes it a very durable material.

Its magnetic properties make it useful for a variety of medical endeavours, such as MRI imaging and magnetic resonance imaging. It is also used in the production of iron and steel products and as a catalyst in chemical reactions. 

Magnetite Metaphysical Properties

drawing of an eye

Magnetite is a great stone for manifestation. The nature of the stone is magnetic which is the very definition of manifestation: attracting things towards yourself! The stone is thought to make you magnetic to your desires.

This crystal is also known to increase the flow of energy within and between your chakras, which ultimately unblocks them. Magnetite’s energy is also believed to assist a person’s hidden potential to come to the surface. 

Magnetite Healing Properties

This crystal is a powerful magnetic mineral with unique healing properties. On a physical level it is often used to help relieve pain, balance energy, and reduce inflammation. It can also be used to help improve mental clarity, protect against negative energies, and stimulate the immune system.

Many people use magnetite to help with physical and emotional healing. It is also believed to help people to become more aware of their own energy and to help connect them with their higher selves. Magnetite is a powerful healing mineral and is a great addition to any healing regimen.

Magnetite vs Hematite

Hematite is a less magnetic mineral with a reddish-brown color. It is usually used to treat anemia and to help improve blood circulation. It is also believed to be beneficial for the digestive system and to help protect against stress and anxiety. Both minerals are strongly magnetic.

Magnetite is composed of iron oxide and has a black, metallic hue. It is more ferromagnetic than hematite, meaning it is more likely to be attracted to a magnet.

What is Different About Magnetite and Hematite

Both stones are very common in the Earth's crust and have many similar properties, however they also have some distinct differences. The main difference between magnetite and hematite is their magnetic properties.

Magnetite is highly magnetic, while hematite is less magnetic. Magnetite also has higher iron content than hematite, and it is less dense than hematite. Both magnetite and hematite can be used for iron production, however magnetite has a higher iron content, is easier to process, and has a higher economic value. 

Magnetite vs Lodestone

Magnetite and lodestone are both naturally occurring minerals which contain iron and have magnetic properties. Magnetite is a black iron oxide mineral that has a metallic hue, and lodestone is a form of magnetite that is naturally magnetized.

Magnetite is found in igneous, metamorphic, and sedimentary rocks, while lodestone is only found in sedimentary rocks. It is usually used to help attract good luck and success. Its magnetic properties are also believed to help balance the body's energy fields.

Magnetite Color

The color of magnetite can range from a metallic grey, black, brown or white. It can also have a reddish-brown hue, similar to hematite. The color of lodestone can be black, grey, or reddish-brown.

Magnetite Grey

Grey magnetite is an iron oxide mineral that has a metallic grey color. It has a variety of uses such as for jewellery, as a source of iron, for magnetic devices, and in the production of iron ore pellets.

It can also be used as a colorant and as a pigment. Magnetite is formed when iron-rich lava or ash is cooled rapidly and it can also be found in sedimentary rocks. 

Black Magnetite

Black magnetite is a rare color variation of the mineral magnetite. It is a black to steel grey metallic mineral with a strong magnetic property. When polished, it has a metallic sheen to it and can be cut and faceted into unique gemstones.

It has been used in jewellery for centuries and is often found in the form of small beads. It is also used in various industrial applications, including magnetic separators and electroplating.

White Magnetite

white magnetite

Magnetite is known for its unique variations in color. One of the more popular variations of this mineral is white magnetite. This color variation is iconic for its off-white to greyish-white color, which is due to the presence of small amounts of iron.

It is often collected as a mineral specimen and is a popular choice for jewellery. White magnetite is also known to have certain healing properties. Examples of these are providing protection and promoting grounding and balance. Its calming energies can help to reduce stress and tension.

Magnetite Types

The best method of how to identify magnetite would be to look at its appearance. Polished magnetite is a type of iron ore that has a smooth, shiny surface and is often used to make jewellery as well as other decorative items.

Raw magnetite is the unrefined form of the ore, which may still contain impurities and contaminants. Natural magnetite is the form of the ore found in nature, usually in sedimentary rocks. This is the most common form of magnetite and is often used in industrial applications.

Polished Magnetite

Magnetite can be polished to a shiny, dark grey finish. This version is often used as a decorative stone. It can also be used as an abrasive in sandpaper, giving a smoother finish than other abrasives.

Polished magnetite is also used in ferrofluids, which are used in various industrial and scientific applications. Examples of these would be to dampen vibrations in loudspeakers and as rotary seals in computer hard drives.

Raw Magnetite

Raw magnetite is the unrefined form of the ore and it is the most magnetic mineral on Earth. It is a naturally occurring form of iron oxide which is composed of 72% iron and 27% oxygen.

Its magnetic properties make it an important component of many electronic devices, such as cell phones and computers. Magnetite can also be used as a soil conditioner and in a variety of industrial processes. Its properties make it a valuable resource and it has a wide range of uses in various industries.

Natural Magnetite

Natural magnetite, also known as lodestone, is a naturally occurring magnetic mineral, which is a type of iron oxide rock. It is one of the most abundant and widely distributed iron ore minerals found in nature and can be found in igneous, metamorphic and sedimentary rocks.

Magnetite is often found in the form of small black crystals and masses. It is also used in some industrial processes, such as water treatment and polishing. This is because it is magnetic and can attract dirt particles and other impurities. 

Magnetite Jewellery

Magnetite jewellery is, you guessed it, jewellery featuring magnetite. These pieces are quite distinctive and often feature an interesting mix of black and grey tones.

Magnetite jewellery is often worn as a talisman or protective charm and can be found in a variety of styles, including necklaces, rings, earrings and bracelets. Magnetite jewellery makes a beautiful and meaningful gift for a family member or friend and is sure to be cherished for years to come!

Magnetite Necklace

The magnetite necklace is a beautiful piece of jewellery that has been around for centuries. It has been used for a variety of purposes including healing, protection, and to attract good luck.

The stones on the necklace are believed to have the ability to attract positive energy and balance the body's energy fields. It is thought to help with physical ailments, and has been used in folk medicine for centuries. Magnetite necklaces are relatively affordable and available in a variety of designs. 

Magnetite Uses

These are the magnetite facts: magnetite is super versatile and has many more uses than previously mentioned. So you may be asking yourself: what is magnetite used for in everyday life? Well, magnetite powder, windows and make-up all contain magnetite. Keep reading our complete guide to find out more!

Magnetite Powder

magnetite powder

Magnetite powder has many uses in different industries. It is a black, non-toxic powder that has a unique magnetic property, which makes it highly sought-after. Magnetite powder is often used in the production of steel, as it helps to strengthen the structure and create a more durable material.

It is also used in water treatment systems, as it helps to remove impurities from the water. Additionally, magnetite powder is also used in the production of paints, inks, and coatings, as it provides a deep black color and a glossy finish. Finally, magnetite powder is also widely used in the making of medical equipment, as it helps to detect minute changes in a person’s body.

Magnetite Windows

Magnetite windows are a form of window treatment that uses magnets to hold a fabric or film in place. This creates an energy efficient window covering that is easy to install and remove.

It can also provide insulation, reduce noise transfer, and control light and privacy. The magnets attach to a track that is mounted on the window frame, and the fabric or film is then placed between the magnets.

This type of window treatment helps to block out the sun’s damaging UV rays and keep your windows looking new. It can also be used to reduce energy costs by providing an extra layer of insulation. Magnetite windows are an attractive and energy-efficient option for home or office windows.

Magnetite Make-Up

You won’t believe this, but magnetite make-up actually exists! Magnetite make-up is described as a revolutionary new cosmetic product that is designed to give your skin the perfect look.

Its magnetic properties help to create an even, flawless finish on your skin that lasts all day long. The product comes in a range of colors and textures to suit all skin tones and types, and it's easy to apply with just a few simple steps.

How to Make Magnetite

Welcome to your DIY step-by-step guide to making magnetite. First, gather the materials needed to make magnetite, which includes iron oxide, a heat source, and a magnet. Place the iron oxide in the heat source and wait for it to reach a temperature of about 580 degrees celsius.

Remove the iron oxide from the heat source and quickly place it on the magnet. Allow the iron oxide to cool for a few minutes before removing it from the magnet. Repeat the process a few times to increase the magnetic properties of the magnetite.

Then, test the magnetite by seeing if it attracts other pieces of metal or objects that contain metal. Don’t forget to store the magnetite in an airtight container to prevent it from losing its magnetic properties.

How to Cleanse Magnetite

To ensure that your magnetite functions properly and lasts a long time, it is important to cleanse it regularly. Begin by removing any dirt and debris from the magnetite.

Then use a soft cloth and mild detergent to gently wipe away any dust or grime. Place the magnetite in a bowl of water and add a few drops of sage oil to the water. Then allow the magnetite to soak for a few hours or overnight.

Remove it from the bowl and place it on a cloth. Sprinkle some sea salt over it and use your hands to gently rub the salt into it. Finally, rinse the magnetite off with clean water and allow it to air dry.

Magnetite for Sale

You can buy magnetite from many sources. It is a very common stone. Whether you prefer buying the product in-person at a store or online, it is very likely that the mineral will be available.

It is very important to some people to be able to physically see, touch and smell a precious stone before one buys it. And this is understandable. We live in an age where online scamming is common and rife. So, physically checking out your product isn’t a bad idea.

Price of Magnetite

The price of magnetite varies depending on its quality and availability. Generally, magnetite is priced by the ton and can range from around fifty dollars to over two hundred dollars per ton. The higher the grade of magnetite, the higher the price.

Magnetite is also available in smaller quantities, such as in bags or buckets, and these can range from around ten dollars to fifty dollars. Prices can also vary depending on where it is sourced from and how it is processed. 

Magnetite Powder Price

As mentioned above, the price of magnetite powder varies depending on the quality and quantity that is purchased. Generally, it can range from two dollars to twenty dollars per pound. The price also depends on the supplier and the grade of magnetite powder.

High-grade magnetite powder is more expensive than lower-grade varieties. The cost of shipping and handling may also affect the overall price. Magnetite powder is an essential material for many industries, so it is important to purchase it from a reliable supplier at a reasonable price.

How Much is Magnetite Worth per Pound

The price of magnetite varies depending on its grade and form. Generally, magnetite is worth between thirty cents and three dollars per pound. High-grade magnetite is often more expensive, while lower-grade magnetite is usually less expensive.

Prices can also vary depending on what form of magnetite you are buying, such as powder or pellets. Magnetite is also available in a variety of sizes, ranging from fine powder to large chunks, and the price per pound will vary depending on the size. It is also available in a variety of forms, such as granules, and lumps. The form of magnetite will also affect the price per pound.

Bulk Magnetite

magnetite stones

Magnetite in bulk form is used for a variety of purposes including water filtration, coal mining, and as a source of iron ore. It is also used in the production of steel.

Magnetite has a high magnetic potential which makes it useful for many industrial uses. Its high density makes it an ideal material for use in heavy media separation processes. Magnetite is also used in the production of paints, ceramics, and other materials.

Where to Buy Magnetite

There are many online platforms such as Ebay, where you are able to buy magnetite. Their site has many magnetite images for you to peruse through!

Additionally, Magnetite can be purchased from a variety of sources, including specialty stores, and even some hardware stores. Specialty stores are a great option for purchasing magnetite.

These stores often carry a wide variety of magnetite products, including rare and unique pieces. Prices can be higher than online stores, but the quality is usually higher as well. 

Hardware stores are also a good place to buy magnetite. Many hardware stores carry a variety of magnetite products, including powders, flakes, and chunks. Prices are usually lower than specialty stores, but the quality may not be as high.

No matter where you choose to buy your magnetite, it is important to do your research and make sure you are getting a quality product. Magnetite is a versatile mineral that can be used in many different ways, so it is important to make sure you are getting the right product for your specific needs.


In summary, magnetite is a fascinating and versatile mineral. It’s definitely not the prettiest crayon in the box but it certainly is one of the most functional ones! It has so many alternative uses in today’s world.

To the point where it is safe to say that it is considered an essential material. Its magnetic properties make it an ideal material for use in electronics, while its hardness and durability make it a great choice for construction and industrial purposes.

Magnetite is also an important source of iron ore, which is used in the production of steel. Its unique properties make it a valuable resource for many industries, and its abundance makes it an important part of our world. Magnetite is a mineral that will continue to be an important part of our lives for many years to come.

Did You Enjoy This Article?

Thank you for reading! If you enjoyed this article, you might also like the following articles: Petalite: Complete Guide and Danburite: Complete Guide.

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