ferrite (n.)

before vowels ferr-, word-forming element indicating the presence of or derivation from iron, from Latin ferro-, combining form of ferrum "iron," which is of unknown origin. Possibly of Semitic origin, via Etruscan [Klein]; Watkins suggests "possibly borrowed (via Etruscan) from the same obscure source as OE bræs "brass." Also sometimes especially indicative of the presence of iron in the ferrous state; ferri- indicating iron in the ferric state.

chemical salt suffix, from French -ite, alteration of -ate (see -ate (3)).