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magnetite

magnetite Min.
  (ˈmægnɪtaɪt)
  [ad. G. magnetit (Haidinger 1845): see magnet and -ite.]
  Proto-sesquioxide of iron, which is readily attracted by the magnet; magnetic oxide of iron.

1851 D. Wilson Preh. Ann. (1863) II. 19 The most important iron ore wrought in Norway and Sweden is Magnetite. 1879 Rutley Stud. Rocks x. 153 Magnetite is frequently titaniferous.

Oxford English Dictionary

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