Tags: Chemical Substance, Mineral.
Magnetite is a mineral one of the two common naturally occurring iron oxides (chemical formula Fe3O4) and a member of the spinel group. Magnetite is the most magnetic of all the naturally occurring minerals on Earth. Naturally magnetized pieces of magnetite called lodestone will attract small pieces of iron and this was how ancient people first noticed the property of magnetism.Small grains of magnetite occur in almost all igneous and metamorphic rocks.
