IPA: /ˈmæɡ.nɪ.taɪt/
KK: /ˈmæɡnɪtaɪt/
A type of mineral that is a black iron oxide and is an important source of iron.
Magnetite is often used in the production of iron and steel.
Magnetite is derived from "magnet" (from Latin *magnes*, meaning lodestone or magnet) and the suffix "-ite" (used to denote minerals or rocks). The word "magnetite" refers to a mineral that is a magnetic iron ore, named for its magnetic properties.
Think of 'magnet' as a reference to something that attracts, and '-ite' indicating a mineral. This helps you remember that magnetite is a mineral known for its magnetic qualities.