The spin ordering and spin-charge coupling in LuFe2O4 were investigated on the basis of density functional calculations and Monte Carlo simulations. The 2:1 ferrimagnetism arises from the strong antiferromagnetic intra-sheet Fe3+-Fe3+ and Fe3+ -Fe2+ as well as some substantial antiferromagnetic Fe2+-Fe3+ inter-sheet spin exchange interactions. The giant magnetocapacitance at room temperature and the enhanced electric polarization at 240 K of LuFe2O4 are explained by the strong spin-charge coupling.
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