Next-Gen Batteries: Bean Cell Market Expansion Outlook (2024–2031) The global Magnetite Iron Ore Market size was valued at USD 85.33 billion in 2023 and is projected to grow from USD 92.20 billion in 2024 to USD 141.85 billion by 2031, exhibiting a CAGR of 6.3% during the forecast period. Unlock Key Growth Opportunities: https://www.extrapolate.com/energy-and-power/magnetite-iron-ore-market/87705 The global market is experiencing rapid progress, driven by the upsurge in demand from the steel industry, infrastructure development, and the rising need for premium iron ore. Magnetite iron ore, which is known for its increased iron levels and effectiveness in steel production, is undergoing substantial growth in mining operations all over the world.