Throw it in your steel bucket, it's powdered iron/? From Wiki;
You didn't forget the "silver" wire that ran around the bottom edge of the tube, did you?? It's tinned copper.Ferrites are chemical compounds consisting of ceramic materials with iron(III) oxide (Fe2O3) as their principal component.[1] Many of them are magnetic materials and they are used to make permanent magnets, ferrite cores for transformers, and in various other applications.
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