“…In addition to the KI scenario, where the small semiconducting gap arises in a Kondo lattice due to the hybridization of the localized f (or d) state and a broad conduction band, Takahashi and Moriya (TM) [9], starting from the electronic structure as calculated for FeSi, have offered a different interpretation, where the unusual thermodynamics including magnetic susceptibility and specific heat can be well interpreted by using the spin fluctuation theory of itinerant electron systems. While also starting from a band insulator model, recent theoretical explorations [10,11,12] tend to treat FeSi and FeSb 2 as band insulators with strong local dynamical correlations, i.e., correlated band insulators (CBI) in a more general physical interpretation. This approach, which takes the local correlations into account via a dynamical mean-field approximation (DMFT [13]), can also explain all major physical properties of FeSb 2 as well as FeSi [10].…”