The story
After Wakefield Lake in Quebec, Canada, + -ite (now known as Lake Saint Pierre).
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: Any of four uncommon rare earth element vanadate minerals, each containing oxygen and vanadium, but otherwise containing different elements. Full definition →
After Wakefield Lake in Quebec, Canada, + -ite (now known as Lake Saint Pierre).
Etymology from Wiktionary, CC BY-SA 4.0.