Materia Guide & List

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Materia Basics
Ah, Materia... Pretty much what the whole FF7 battle system is based on. If you don't use Materia at all, you'll be stuck with the attack and item commands for the whole game, so I guess you better to use it.

Materia orbs can be bought and found in various places. Once acquired, they are placed in open Materia slots, which are in your armor and weapons. Choose the Materia command from the main menu to get started. Once placed in a slot, the Materia orb gives it's effect to the user it's equipped on. So if the Materia orb is named "Fire", it will give the user the fire spell.

Also, some orbs will contain multiple abilities. These abilities are all acquired by "leveling up" the Materia. Materia levels up by gaining AP (Ability Points), which are distributed after battle in addition to EXP. After so much AP is earned, the Materia will level up, which will sometimes give new abilities (like magic Materia) or let you use it more times in battle (for summon Materia). After a Materia becomes "mastered", it is at it's max level, and will stop growing. When a Materia becomes mastered, it births a new Materia of the same type, which lets you do it all over again (yay, fun!). So after playing through the game for a very long time, you could eventually have copies of the best Materia for every single character in the game.

Ice
Ice - 4 MP
Ice 2 - 22 MP
Ice 3 - 52 MP
AP for Mastered
35000
Location
Initially Equipped, can be bought in several stores in Midgar.
What it does
Deals Ice elemental damage to target, in 3 degrees of strength. If used against an Ice elemental character, it will heal that character.

Lightning
Bolt - 4 MP
Bolt 2 - 22 MP
Bolt 3 - 52 MP
AP for Mastered
35000
Location
Initially Equipped, can be bought in several stores in Midgar.
What it does
Deals Lightning elemental damage to target, in 3 degrees of strength. If used against a Lightning elemental character, it will heal that character.

Fire
Fire - 4 MP
Fire 2 - 22 MP
Fire 3 - 52 MP
AP for Mastered
35000
Location
Several materia shops in Midgar.
What it does
Deals Fire elemental damage to target, in 3 degrees of strength. If used against a Fire elemental character, it will heal that character.

Poison
Bio - 8 MP
Bio 2 - 36 MP
Bio 3 - 80 MP
AP for Mastered
38000
Location
Shinra HQ Floor 67
What it does
Deals poison based damage, in 3 degrees of strength, and also has a chance of poisoning opponent. If used against a Poison elemental character, it will heal that character, and will not poison them.

Earth
Quake - 6 MP
Quake 2 - 28 MP
Quake 3 - 68 MP
AP for Mastered
40000
Location
Can be bought in Kalm Town Materia shop.
What it does
Deals Earth based damage in 3 degrees of strength. If used against an Earth elemental character, it will heal that character. The Earth element also has no effect whatsoever on flying enemies.

Gravity
Demi - 14 MP
Demi 2 - 33 MP
Demi 3 - 48 MP
AP for Mastered
40000
Location
Reward for Gi Nattak battle in Cave of the Gi.
What it does
Deals gravity based damage, in 3 degrees of strength: 25%, 50%, and 75% of current HP. Also has no effect on Flying creatures.