According to the technical analysis of China's restored iron powder industry:

The consumption of high-purity iron concentrate powder to restore iron powder is currently in the initial stage of development in China, and vanadium iron powder has a widespread prospect in China. The resource conditions in our country are suitable for carrying out this process. Analysis of the technical characteristics of China's restored iron powder industry in 2017. Firstly, China has abundant coal resources, with a proven reserve of approximately 700 billion tons. The coal types are complete and widely distributed, and the iron ore resources suitable for this process are also abundant. For example, the regions of Zuoquan in Shanxi, Nanfen in Benxi, Liaoning, and Jidong produce a large amount of high-quality magnetite concentrate powder, vanadium iron powder, with a consumption capacity of 50000 to 100000 tons, and large crystalline particles that are easy to grind and select. The further development of beneficiation and selection technology has laid a solid foundation for the further purification of iron concentrate.