“…This interest can be attributed primarily to the giant magnetoresistance (GMR) effect observed in these materials [1]. In addition, nanocomposites exhibit a number of other unusual magnetic, electrical, optical, and magnetooptical properties, among which one can place the possibility of varying the electrical resistivity within a broad range, enhancement of optical nonlinearities [2], a correlation between the magnetic transport and nonlinear optical properties [3], the high magnetorefractive effect [4], and high electromagnetic-radiation absorption in the rf and microwave regions [5]. Although some physical mechanisms responsible for these phenomena still remain unclear, granular nanocomposites can be confidently classed among materials promising for use in developing reading heads and magnetooptical storage components [6,7].…”