Ilmenite Market Suspected To Lead Multi-Billion Dollars By 2020
Ilmenite is a heavy mineral mainly used as a source of titanium. Ilmenite is iron black metallic oxide comprising titanium dioxide and iron. Ilmenite occurs as igneous rocks and is present into layers as a result of magmatic segregation. Heavy opaque crystal of ilmenite deposit on bottom of magma chambers and ilmenite is collected in layers. Ilmenite is also a constituent of sand and is commonly accompanied by small amounts of magnetite, rutile and zircon among others. Other sources of ilmenite include pegmatites, sedimentary rocks and metamorphic rocks.
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