Magnetite is more costly, but it has less impurities and is higher quality.
"While magnetite ore requires more treatment, end products made from magnetite ore are typically of higher quality than those made from hematite ore. That’s because magnetite ore has fewer impurities than hematite ore; in this way, the elevated cost of processing magnetite ore can be balanced out." - https://investingnews.com/daily/resource-investing/base-metals-investing/iron-investing/types-of-iron-ore-hematite-vs-magnetite/#:~:text=Types%20of%20iron%20ore%3A%20Magnetite,holds%20low%20concentrations%20of%20magnetite.
Ann: Phase I-Bekisopa Drilling Programme, page-13
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