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Lodestone is a naturally occurring mineral that is a type of magnetite, an iron oxide. It is known for its magnetic properties and was historically significant as one of the first materials used to make compasses.
A lodestone is a naturally magnetized piece of mineral magnetite. They are naturally occurring magnets, which can attract iron. The property of magnetism was first discovered in antiquity through lodestones. Lodestone has the property of attracting pieces such as iron, cobalt, nickel, etc.