Magnetization roasting technology is one of the most representative ways to improve the magnetic separation efficiency and iron recovery of refractory weakly magnetic iron ores. However, utilization of CO-rich or H2-rich gas of strong reducibility as reducing agent for magnetization roasting would lead to over-reduction of Fe2O3 in the ore to non-magnetic FeO, which makes the magnetism of the roasted ore be lower than its maximum, and hence leads to a lower iron recovery than expected. To explore the possibility of using CH4 as reducing agent for controllable reduction of Fe2O3 in iron ores to selectively forming magnetic Fe3O4, i.e., for maximizing the magnetism of the reduced ore for efficient iron separation and recovery, a series of fluidized bed reduction tests in CH4 were carried out on two iron ores of 55 % and 33 % iron at different temperatures for different periods of time, and the resultant reduced ore particles were magnetically separated for recovery of iron concentrate. XRD and ICP analyses were performed on all recovered iron concentrates to identify the crystal forms of their iron species and to quantify their iron contents. The results have shown that the controllable reduction by CH4 of Fe2O3 in the iron ores to strongly magnetic Fe3O4 can be realized by controlling the reduction temperature and time condition applied. The resultant concentrates can be fully recovered by magnetic separation in a weak magnetic field of 60 kA/m to attain a maximum iron recovery of 98 % for the high-grade ore and that of 65 % for the low-grade ore. Besides, the results have also shown that the most critical factor affecting the controllability of the ore reduction process and the selectivity to the generation of magnetic Fe3O4-containing particles is the reduction temperature, and that the upper temperature threshold for the controllable reduction and selective generation of strongly magnetic iron concentrate is about 650℃.