  We investigate the possibility of preparing left-handed materials in metallic
magnetic granular composites. Based on the effective medium approximation, we
show that by incorporating metallic magnetic nanoparticles into an appropriate
insulating matrix and controlling the directions of magnetization of metallic
magnetic components and their volume fraction, it may be possible to prepare a
composite medium of low eddy current loss which is left-handed for
electromagnetic waves propagating in some special direction and polarization in
a frequency region near the ferromagnetic resonance frequency. This composite
may be easier to make on an industrial scale. In addition, its physical
properties may be easily tuned by rotating the magnetization locally.
