Magnetic collapse in transition metal ions is predicted from first-pri
nciples computations at pressures reached in the Earth's lower mantle
and core. Magnetic collapse would lead to marked changes in geophysica
lly important properties, such as elasticity and conductivity, and als
o to different geochemical behavior, such as element partitioning, tha
n estimated by extrapolating low-pressure data, and thus change the un
derstanding of Earth's structure and evolution, Magnetic collapse resu
lts from band widening rather than from changes in crystal field split
ting under pressure. Seismic anomalies in the outer core and the lower
most mantle may be due to magnetic collapse of ferrous iron, dissolved
in iron liquid in the outer core, and in solution in magnesiowustite
in the lowermost mantle.