Ferrite Magnet

A ferrite is a ceramic material made by mixing and firing large proportions of iron(III) oxide (Fe2O3, rust) blended with small proportions of one or more additional metallic elements, such as strontium, barium, manganese, nickel, and zinc. They are ferrimagnetic, meaning they can be magnetized or attracted to a magnet. Unlike other ferromagnetic materials, most ferrites are not electrically conductive, making them useful in applications like magnetic cores for transformers to suppress eddy currents. Ferrites can be divided into two families based on their resistance to being demagnetized (magnetic coercivity).

Hard ferrites have high coercivity, so are difficult to demagnetize. They are used to make permanent magnets for applications such as refrigerator magnets, loudspeakers, and small electric motors.
Soft ferrites have low coercivity, so they easily change their magnetization and act as conductors of magnetic fields. They are used in the electronics industry to make efficient magnetic cores called ferrite cores for high-frequency inductors, transformers and antennas, and in various microwave components.