it is a component of magnets and catalyst
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noun. a body, as a piece of iron or steel, that possesses the property of attracting certain substances, as iron. a lodestone. a thing or person that attracts: The park was a magnet for pickpockets and muggers.
Catalysis is the process of increasing the speed or otherwise changing a chemical reaction with the aid of a catalyst. ... The cause of this phenomenon is that catalysts require less activation energy, or the minimum energy to initiate a chemical reaction.
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