what is magnetite used for
Magnetite because of its magnetic properties is also widely used in compasses and other navigation devices. This mineral also serves as an excellent abrasive that is much cleaner and comes with low toxicity than abrasives that have a silica base.ses Of Magnetite. Magnetite as a mineral has a wide variety of uses right from serving as magnetic decor to keeping trains from moving off track. One of the most significant uses of magnetite lies in its iron ore status and its industrial importance in manufacturing steel.