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We have observed giant magnetoresistance in heterogeneous thin film Cu-Co alloys consisting of ultrafine Co-rich precipitate particles in a Cu-rich matrix. The magnetoresistance scales inversely with the average particle diameter. This behavior is modeled by including spin-dependent scattering at the interfaces between the particles and the matrix, as well as the spin-dependent scattering in the Co-rich particles.
Berkowitz et al. (1992) studied this question.