The oxidation of a carbon nanotube-Fe-Al 2 O 3 nanocomposite powder was investigated using notably thermogravimetric analysis, room temperature transmission and emission Mössbauer spectroscopy and, for the first time, in situ high-temperature transmission Mössbauer spectroscopy. The first weight gain (150-300 • C) was attributed to the oxidation into hematite of the ␣-Fe and Fe 3 C particles located at the surface and in the open porosity of the alumina grains. The 25 nm hematite particles are superparamagnetic at 250 • C or above. A weight loss (300-540 • C) corresponds to the oxidation of carbon nanotubes and graphene layers surrounding the nanoparticles. The graphene layers surrounding ␥-Fe-C particles are progressively oxidized and a very thin hematite layer is formed at the surface of the particles, preventing their complete oxidation while helping to retain the face-centered cubic structure. Finally, two weight gains (670 and 1120 • C) correspond to the oxidation of the intragranular ␣-Fe particles and the ␥-Fe-C particles.