The rotational speed of the agitator is one of the important parameters that affect the grinding efficiency of the vertical stirred mill. Increasing the speed will improve the grinding effect, but it will increase energy consumption, and determining a reasonable speed setting is a system issue. The effects of different speeds on energy consumption, product particle size, and grinding efficiency were analyzed in this study. An experimental vertical stirred mill was used to grind iron ore, and five different speed parameters from 175 rpm to 350 rpm were set as variables. It was found that increasing the rotational speed will increase the grinding effect, but it will trigger more energy consumption. A new evaluation index to comprehensively reflect the grinding efficiency of the mill, which was defined as the ability of a mill to grind the same product per unit of time and energy consumption, was proposed. The grinding efficiency was calculated when the particle size of iron ore powder decreased to −45, −38, and −28 μm at different speeds. It can be seen that the growth rate of energy consumption is faster than that of the percentage of particle size, which leads to a continuous decrease in grinding efficiency with the increase in rotational speed. If high processing capacity is pursued within a certain period of time, high speed can be chosen, but it will result in energy loss. On the contrary, the low speed can be chosen, if considering grinding economy.
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