Choose the statement as true/false:

Magnetite is the finest iron ore with a very high content of iron up to 70%.

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True

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Detailed Solution

The statement is true.
Magnetite is the finest iron ore with a very high iron content of up to 70%.
Magnetites are, indeed, the finest kinds of iron ores. Iron ores of high purity are abundant in India. The best iron ore, magnetite, has a very high iron concentration of up to 70%. Excellent magnetic properties make it very useful in the electrical sector. In terms of use, hematite ore is the most significant industrial iron ore, while it contains a little less iron than magnetite. 50 to 60 percent.

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