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Ore (in the real world) is a conceptually malleable concept. What counts as "ore" varies based on market price, which shifts. Thus, a chunk of rock that has a mineral percentage of (let's say) 10% (just as an example), that chunk of rock is considered to be "ore" if the market price is above "X". But if the market price falls next week (meaning falls below "X") then the chunk of rock becomes slag, trash, because it's no longer worth it to extract the minerals (the company would lose money to do so). If the price rises again later, then it might become "ore" again.
(My father used to talk about it, because he worked as a Geologist for a mining company back in the mid 1950s).
as someone who currently works in the mines this is not true lmfao. slag is just the waste material we get after we extract the ore into pure form is the best way to put it. ore is ore no matter how much is in the rock. we have different and very efficient methods to extract materials at a very affordable cost.