Ferrite Magnets are the most popular magnets for both commercial and private use. Thanks to their abundance, versatility and affordability. Moreover, ferrite magnets are the most resistive magnets to corrosion. Therefore, ferrite magnets are a great solution for those looking for an affordable, effective and strong magnet solution.
As well as this, they are also highly resistant to demagnetization. Which as a result, makes them a very stable magnet. Additionally, they are used for industrial applications such as medical devices. Furthermore, domestically they are to be found in such things as fridge magnets, loudspeakers and microwaves