The best replacement for magnetite is hematite.

The best alternatives to magnetite are rated as following:
★★★★★  hematite
★★★  meteorite
★★  lodestone
★★  maghemite
★  double glazing
★  iron ore
★  magnesite
★  magnetic hematite
★  stopnoise
★  cinnabar
  taconite
  haematite

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Google Trends

Scale is based on the average worldwide traffic of magnetite in all years. Click on graph for more.
magnetite
hematite
meteorite