where on earth is magnetite found
Magnetite is a mineral, one of the three common naturally occurring iron oxides (chemical formula Fe3O4) and a member of the spinel group. Magnetite is the most magnetic of all the naturally occurring minerals on Earth.Naturally magnetized pieces of magnetite, called lodestone, will attract small pieces of iron, and this was how ancient people first noticed the property of magnetism.arge deposits of magnetite are also found in the Atacama region of Chile, Valentines region of Uruguay, Kiruna, Sweden, the Pilbara, Midwest and Northern Goldfields regions in Western Australia, New South Wales in the Tallawang Region, and in the Adirondack region of New York in the United States.