Vanadium-titanium magnetite is a complex associated mineral primarily composed of iron, vanadium, and titanium, accompanied by various valuable elements (such as chromium, cobalt, nickel, copper, scandium, gallium, and platinum group elements), with high contents of valuable elements. It is an important industrial mineral resource with significant development and comprehensive utilization value. In nature, vanadium-titanium magnetite mainly forms within mafic and ultramafic rock masses. Common valuable ore minerals in such deposits include titanomagnetite and ilmenite, along with minor amounts of magnetite, hematite, and sulfides. Titanomagnetite is a magnetite containing solid solution exsolutions such as ilmenite, ulvöspinel, and magnesioferrite, which can crystallize into ilmenite and magnetite through regional metamorphism. Generally, vanadium-titanium magnetite contains 1%–15% TiO₂ and 0.1%–2% V₂O₅. The chemical composition of ilmenite is FeTiO₃, and ilmenite contains 52% TiO₂. 66%, Fe2+ can be completely isomorphously substituted by Mg2+ and Mn2+, forming the FeTiO3-MgTiO3 or FeTiO3-MnTiO3 series. When FeO is dominant, it is called ilmenite; when MgO is dominant, it is called geikielite; when MnO is dominant, it is called pyrophanite. Ilmenite has a Mohs hardness of 5–6, a specific gravity of 4.70–4.78, weak magnetism, and a magnetic susceptibility coefficient of 1173.33–224. 56×10-9 m³/kg.
China has widespread vanadium-titanium magnetite deposits with abundant reserves. Proven reserves are approximately 10 billion tons, with potential reserves exceeding 30 billion tons. The deposits are mainly distributed in the Panxi (Panzhihua-Xichang) region of Sichuan Province and the Chengde region of Hebei Province, with scattered occurrences in Yangxian and Hanzhong in Shaanxi Province, Yunyang and Xiangyang in Hubei Province, Daixian in Shanxi Province, Xingning in Guangdong Province, Kashgar and Hami in Xinjiang Province, and Chaoyang in Liaoning Province.