Beckett
Explorer
Alzrius said:In previous editions of the game, adamantine was the proper name for meteoric iron. Keeping that in mind, I'd say it is indeed a magnetic metal.
Actually, I'm pretty sure it wasn't. I don't have my 1stEdDMG handy, but I do recall a note to the effect that +3 weapons were considered to be made from a meteoric iron, +4 from mithral, and +5 from adamantine.
There were also a few underdark races (drow in particular) who used gear made from adamantine, which might be a little hard for them to acquire if it were meteoric iron.