Vanadium-titanium magnetite is a complex associated mineral dominated by 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 raw material with high development and comprehensive utilization value. In nature, vanadium-titanium magnetite primarily forms in mafic and ultramafic rock masses. Common valuable ore minerals in the resulting deposits are mainly titanomagnetite and ilmenite, along with small amounts of magnetite, hematite, and sulfides. Titanomagnetite is a magnetite containing solid solution exsolutions such as ilmenite, pseudobrookite, 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%, with Fe2+ being completely isomorphously substitutable by Mg2+ and Mn2+, forming the FeTiO3-MgTiO3 or FeTiO3-MnTiO3 series; when FeO predominates it is called ilmenite, when MgO predominates it is called geikielite, and when MnO predominates 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 of 1173.33–224. 56×10-9 m³/kg.
Vanadium-titanium magnetite in China is widely distributed and abundant, with proven reserves of approximately 10 billion tonnes and prospective reserves exceeding 30 billion tonnes. The main deposits are located in the Panxi (Panzhihua-Xichang) region of Sichuan Province and the Chengde region of Hebei Province, with scattered occurrences in Yangxian and Hanzhong regions of Shaanxi Province, Yunyang and Xiangyang regions of Hubei Province, Daixian region of Shanxi Province, Xingning of Guangdong Province, Kashgar and Hami regions of Xinjiang Province, and Chaoyang of Liaoning Province.