Magnetite

Magnetite is a naturally occurring mineral composed of iron oxide (Fe₃O₄). It has magnetic properties, meaning it can attract and be attracted to magnets. Found in rocks and sediments, magnetite is often used in industry for its magnetic qualities, such as in magnetic recording media and as a source of iron in steel production. Its unique ability to become magnetized makes it important in geological studies, helping scientists locate mineral deposits and understand Earth's magnetic history. Despite its magnetic nature, it remains a stable mineral commonly found in nature.