A review of progress in understanding
the Verwey transition in
magnetite (Fe
3
O
4
) over the past decade is presented.
This electronic and structural transition at
T
V
≈ 125 K was reported in 1939 and has since been a
contentious issue in magnetism. Long range Fe
2+
/Fe
3+
charge ordering has been confirmed below the transition
from crystal structure refinement, and Fe
2+
orbital ordering
and formation of trimerons through weak bonding of Fe
2+
states to two Fe neighbors has been discovered. This model has accounted
for many spectroscopic observations such as the
57
Fe NMR
frequencies. The trimeron lifetime has been measured, and trimeron
soft modes have been observed. The origin of the first to second order
crossover of Verwey transitions in doped magnetites has been revealed
by a nanoparticle study. Electronic and structural fluctuations are
found to persist to temperatures far above
T
V
and local structural distortions track the bulk magnetization,
disappearing at the 850 K Curie transition. New binary mixed-valent
iron oxides discovered at high pressure are found to have electronic
transitions and orbital molecule ground states similar to those of
magnetite.