Difference Between Magnetite and Hematite | Definition ...
Jan 31, 2018· If a mineral deposit is composed of a metal that can be extracted using existing technological methods, then it is called an ore. Magnetite and hematite are two forms of iron ores from which iron can be extracted. Magnetite contains iron in the form of Fe 3 O 4. Hematite contains iron in the form of Fe 2 O 3.