Malekith's rune-armour is forged from the hardest meteoric iron from the mountains of Naggaroth. Malekith's armour is near impenetrable to mortal weapons and covered in runes which make it difficult to look upon.
Source: Warhammer Armies Project: Unofficial 9th Edition (v2.2)
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Magic Armour
Heavy armour. The Armour of Midnight grants Malekith a Ward Save (2+) against all non-magical attacks and Immunity (Killing Blow/Multiple Wounds).