Magnanite
Magnanite is a raw mineral in the game, and can be found anywere in the map, though is easier to run into in places where few players go.
You can find them by picking up rocks (Wich have the name over them and can be interacted with) and have a 50/50 chance of either a Rock or magnanite (1 to 5 pieces). Rocks don't have a use in-game for the momentBy the time being, the rocks don't have a use in-game.
Magnanite is used for making lingots, which can be given to certain NPC's in the capitalsto make the best weapons in the game. Oddi Fullglass(Alsius) In Syrtis talk to Samos for the ingots and Riviv for the weapons.
A weapons take 5 lingots. And a Lingot takes 10.000 magninites.