A ternary phase has been identified in the rare-earth transition metal Nd–Fe–Al system. This phase has a composition close to and is antiferromagnetic with a Neel temperature of approximately 260 K. A clear step appears in magnetization curves of the isotropic ribbon at temperatures below 140 K, indicating metamagnetism. Magnetoresistivity (MR) has been observed in this compound. MR increases with decreasing temperature and is estimated to be 7.2% at 4.2 K. This compound exhibits MR of 1% in the paramagnetic state at room temperature.
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