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The fact that magnetite (Fe304) was already known in the Greek era as a peculiar mineral is indicative of the long history of transition metal oxides as useful materials. The discovery of high-temperature superconductivity in 1986 has renewed interest in transition metal oxides. High-temperature su­ perconductors are all cuprates. Why is it? To answer to this question, we must understand the electronic states in the cuprates. Transition metal oxides are also familiar as magnets. They might ...