A ferrous metal (metal with iron in it) like steel can be magnetized and if you were to move another piece of metal near it you would create a tiny amount of electricity.
I've read the other answers and I'm surprised that no one has gotten the right answer yet. There is type of metal that is found naturally in the earth and is already magnetic in nature. It's what the original compasses were built with. In ancient times, it was called lodestone. I believe in modern times it's call ferrite. Iron and steel (which is iron with oxygen) can have their atoms aligned to become magnets but only after being exposed to a pre-existing magnetic field. There is no substance including iron, steel or lodestone that can produce electricity of it's own accord, except for static electricity. In order to do so, they would have to be placed along with wires and such to create a circuit. Electrons and the electromagnetic force won't flow without creating a circuit to flow through, again, except for static electricity. Ed
basically- iron, it's the only magnetic element anywhere. Steel is a hardened form of iron!
