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What is Hematite and Magnetite?

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Hematite

Hematite, also spelled as haematite, is a common iron OXIDE compound with the formula, Fe₂O₃ and is widely found in rocks and soils. Hematite crystals belong to the rhombohedral lattice system which is designated the alpha POLYMORPH of Fe ₂O ₃. It has the same CRYSTAL structure as corundum and ilmenite

Magnetite

Magnetite is a mineral and one of the main iron ores, with the chemical formula Fe₃O₄. It is one of the oxides of iron, and is ferrimagnetic; it is attracted to a magnet and can be magnetized to become a permanent magnet itself. It is the most magnetic of all the NATURALLY occurring MINERALS on Earth.

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