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Ferrite MagnetsStrontium FerriteHard ferrite magnets, sometimes called ceramic, were developed as a low cost alternative to metallic magnets and have been manufactured since 1954. Strontium is combined with iron atoms to form a magnetic compound that is stronger than alnico and has much better corrosion resistance than rare earth. Although they provide less energy than other magnets available today, ferrite magnets are frequently preferred because of their stability, high resistance to demagnetisation, outstanding corrosion resistance and, because of their low price per magnetic output, are often the most cost effective solution to a problem. They are widely used in electronics, mining, metallurgy and health therapy applications. Measured by weight, ferrite magnets represent more than 75% of the world magnet consumption. Uses include:
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