best quality iron ore in the world; best quality iron ore in the world. Types of Iron Ore: Hematite vs. Magnetite Investing News Network. ... This is the best quality of iron ore and contains 72 per cent pure iron. Read More. Production and Distribution of Iron Ore around the World.
the Mesabi Iron Range was very rich in high iron content iron ore. Most of the extremely high quality iron ore has already been mined, but there still is a lot of fair quality iron in the mines there.