The reaction product of cobalt carbonyl decomposition depends on the concentration of the oleic acid ligand. With a low concentration of ligand, nanocrystals nucleate and grow to large ferromagnetic particles through the process of Ostwald ripening and coalescence coarsening. With a high concentration of ligand, stable cluster complexes are formed. Addition or removal of ligand from the reaction products can interchange the formation of cluster complexes and nanocrystals.
