One of the products of an extractive industry is an iron ore. An extractive industry is an industry that extracts and processes raw materials from the Earth. This includes industries that extract minerals, oil, and gas. Iron ore is a type of mineral that is commonly extracted in extractive industries. It is a key raw material in the production of iron and steel, and is used in a variety of other applications as well. Extractive industries play a critical role in the global economy, providing essential raw materials for a wide range of industries and helping to fuel economic growth and development.