Fe oxide, Fe²⁺Fe³⁺₂O₄, containing oxidizedOxidation and reduction together are called redox (reduction and oxidation) and generally characterized by the transfer of electrons between chemical species, like molecules, atoms or ions, where one species undergoes oxidation, a loss of electrons,  while another species undergoes reduction, a gain of electrons. This transfer of electrons between reactants Click on Term to Read More iron (Fe³⁺) found in the matrixFine grained primary and silicate-rich material in chondrites that surrounds chondrules, refractory inclusions (like CAIs), breccia clasts and other constituents. Click on Term to Read More of carbonaceous chondritesChondrites are the most common meteorites accounting for ~84% of falls. Chondrites are comprised mostly of Fe- and Mg-bearing silicate minerals (found in both chondrules and fine grained matrix), reduced Fe/Ni metal (found in various states like large blebs, small grains and/or even chondrule rims), and various refractory inclusions (such Click on Term to Read More and as diagnostic component in CK chondrites. In CK chondrites, magnetite is typically chromian, containing several wt. % Cr₂O₃.