Magnetite is a widespread iron oxide mineral easily identified by its strong magnetic properties. It typically occurs as well-defined octahedral crystals or massive aggregates in igneous and metamorphic environments, and is a primary ore of iron.

Hardness
5.5-6.5
Mohs
Luster
Metallic
Streak
Black
Transparency
Opaque

Spotting magnetite in the field

Field marks
  • 1

    Strongly magnetic, enough to pick up paperclips in the lodestone variety

  • 2

    Black, metallic to submetallic, forming octahedral crystals

  • 3

    Leaves a black streak, hardness 5.5 to 6.5

Carry a magnet and this identifies itself. Magnetite makes up most of the black sand in any placer concentrate, which is why gold panners know it well: it is the heavy black material you separate out to find the gold underneath. Lodestone is the naturally magnetized variety that acts as a permanent magnet. It forms octahedra, eight triangular faces, which is a useful shape cue in outcrop.

Straight answers

Is it worth cutting?
Not cut. A specimen and indicator mineral.
What is it really worth?
Effectively none. Lodestone that visibly picks up iron filings has novelty value.
Can you legally keep it?
Ordinary personal-use collecting rules apply.

Often confused with

Magnetite vs. its common look-alikes, and how to tell them apart in the field.

Often found alongside magnetite

Minerals reported to co-occur with magnetite. Spotting these in float or country rock is a strong cue you are in the right ground.

All properties

Chemical formula
Fe₃O₄
Mohs hardness
5.5-6.5
Density
5.1-5.2 g/cm³
Streak
Black
Luster
Metallic
Transparency
Opaque
Crystal system
Cubic
Crystal habit
Octahedral Crystals, Massive, Granular
Cleavage
None
Rarity
Common
Uses
Collector, Industrial, Ore Mineral
Host rock
Igneous, Metamorphic, And Sedimentary Rocks
Typical price
$5-50 for small specimens, higher for large, well-formed crystals

Where rockhounds find magnetite

71 mapped spots

Classic worldwide localities

  • Kiruna, Sweden
  • Magnet Cove, Arkansas, USA
  • Cerro de Mercado, Mexico
  • Kola Peninsula, Russia

U.S. states with magnetite

Each link opens a state-specific list of mapped rockhounding spots that produce magnetite.

Field-hunting tip

Look in igneous, metamorphic, and sedimentary rocks country, the host setting where magnetite typically forms. If you start seeing quartz, pyrite, chalcopyrite in float, you are in the right ground. Field specimens usually show a octahedral crystals, massive, granular habit, so train your eye for that shape before scanning the outcrop. In the U.S., the densest reported localities are in Utah, North Carolina, Pennsylvania. Start trip planning there.

Common questions

How do you identify magnetite?+
Mohs hardness is 5.5-6.5. It typically shows a metallic luster. The streak is black. Common colors include black, iron-black.
Where is magnetite found?+
Notable localities include Kiruna, Sweden; Magnet Cove, Arkansas, USA; Cerro de Mercado, Mexico; Kola Peninsula, Russia.
Can I find magnetite in the United States?+
RockHoundR maps 71 magnetite rockhounding spots across 12 U.S. states. The top states are Utah, North Carolina, Pennsylvania.
How much is magnetite worth?+
Typical asking prices fall in the range of $5-50 for small specimens, higher for large, well-formed crystals. Quality, size, and provenance can move individual specimens well outside that range.
What rocks look like magnetite?+
Magnetite is most often confused with Hematite, Meteorites. A quick hardness test and a streak check separate the look-alikes faster than color alone.
What minerals are found with magnetite?+
Magnetite commonly co-occurs with Quartz, Pyrite, Chalcopyrite, Hematite, Apatite. Spotting any of these in float or country rock is a useful trip signal.
What kind of rock does magnetite form in?+
Magnetite typically forms in igneous, metamorphic, and sedimentary rocks. Working float back to the host body is the standard way to chase a fresh occurrence.
What is magnetite used for?+
Magnetite is used in collector, industrial, ore mineral.

Find magnetite on the map

RockHoundR shows mapped rockhounding spots, access rules, and lets you log every find.

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