The linked photo is of the internals of a Victor MC-L1000 cartridge. As far as I know, the cartridge in the photo was not subjected to unusual neglect, nor was it operated in a uniquely iron-laden environment.
The gold-colored object in the upper part of the photo is the front yoke, the darker object running across the center of the photo is the magnet, the object in the lower part of the photo is the rear yoke, and the silver-white rod running down from the center of the photo is the cantilever.
The photo shows clearly that enough grime has been attracted to the yokes to completely fill up the gap (horizontal in the center of the photo). The shape of the grime bulging out of both sides of the gap implies significant magnetic content.
The clogged-up gap completely immobilized the cantilever - cleaning out the gap restored normal cantilever mobility.