It was named after the Magnitnaya Mountain, a geological anomaly that once consisted almost completely of iron ore, around 55% to 60% iron. It is the second largest city in Russia that is not the administrative center of any federal subject or district. Magnitogorsk contains the largest iron and steel works in the country, Magnitogorsk Iron and Steel Works. The official motto of the city is "The place where Europe and Asia meet", as the city occupies land in both Europe and Asia. - Source: Wikipedia
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