Magnetite is a natural iron oxide Magnetite crystal is often used in jewelry, as it is believed to have healing properties. Magnetite is also a major source of iron ore and is used in the production of steel.

Magnetite has a wide range of applications, including water treatment, pharmaceuticals and cosmetics. Magnetite is also used in magnets and magnets are used in many devices, including motors, generators and speakers.

Magnetite is a very versatile mineral and has a variety of uses in industry, medicine and even jewelry.