Iron oxide is one of the most important components in Earths mantle. Recent discovery of the stable presence of Fe5O6 at Earths mantle environment stimulates significant interests in the understanding of this new category of iron oxides. In this paper, we report the electronic structure and magnetic properties of Fe5O6 calculated by the density functional theory plus dynamic mean field theory (DFT+DMFT) approach. Our calculations indicate that Fe5O6 is a conductor at the ambient pressure with dominant Fe-3d density of states at the Fermi level. The magnetic moments of iron atoms at three non-equivalent crystallographic sites in Fe5O6 collapse at significantly different rate under pressure. Such site-selective collapse of magnetic moments originates from the shifting of energy levels and the consequent charge transfer among the Fe-3d orbits when Fe5O6 is being compressed. Our simulations suggest that there could be high conductivity and volume contraction in Fe5O6 at high pressure, which may induce anomalous features in seismic velocity, energy exchange, and mass distribution at the deep interior of Earth.
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