Magnetite is a key iron ore, and is the most magnetic of all minerals. Normal Magnetite is attracted to a magnet, but special Magnetite called Lodestone is actually magnetic itself and can affect other magnetic objects, such as a compass needle. According to Greek legend, Magnetite was discovered by a wandering shepherd named Magnes who has his metal tipped cane become attracted to some mysterious black stones as if by magic.

Magnetite is a strong protector from other people's energy, making it particularly useful for healers and caregivers. It can also improve tenacity and endurance, helping you to push through difficult situations. Magnetite can aid in attracting love and increasing desires, helping you to trust your gut feelings. It is also strongly grounding and can assist in dealing with emotions such as grief, fear, attachment, and neediness.