Difference Between Magnetite and Hematite | Definition ...
Difference Between Magnetite and Hematite Definition. Magnetite: Magnetite is an iron ore where iron can be found in the form of Fe 3 O 4. Hematite: Hematite is an iron ore where iron can be found in the form of Fe 2 O 3. Presence of Iron. Magnetite: In magnetite, iron is present in the form of Fe 2+ and Fe 3+.