Magnetite n. (Min.) An oxide of iron (Fe3O4) occurring in isometric crystals, also massive, of a black color and metallic luster. It is readily attracted by a magnet and sometimes possesses polarity, being then called loadstone. It is an important iron ore. Called also magnetic iron.
... ore, crude oil, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, world's ... — The 1990 CIA World Factbook • United States. Central Intelligence Agency