The local density approximation combined with dynamical mean-field theory is applied to study the paramagnetic and magnetically ordered phases of hematite Fe2O3 as a function of volume. As the volume is decreased, a simultaneous first-order insulator-metal and high-spin to low-spin transition occurs close to the experimental value of the critical volume. The high-spin insulating phase is destroyed by a progressive reduction of the spectral gap with increasing pressure, upon closing of which the high-spin phase becomes unstable. We conclude that the transition in Fe2O3 at approximately 50 GPa can be described as an electronically driven volume collapse.
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Kuneš et al. (2009) studied this question.
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