Large magnetite found in Northern China

       A new vanadium and titanium magnetite was discovered in Chengde City, the largest vanadium and titanium producing base in North China. The ore deposit has an estimated reserve of one billion tons with an average grade of nearly 30 percent. China is the world’s third largest producer of V&T magnetite with resources mainly located in Chengde, Hebei and Panzhihua, Sichuan. 4.5 billion tons of magnetite resources have been found in Chengde, making the region the largest vanadium and titanium base in North China. Vanadium is a main raw material used in the steel industry to enhance steel’s strength, tenacity, ductibility and heat resistance.