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Ferrite magnets are also known as 'ceramic' because they are hard and brittle.Most widely used magnetic material because of its low cost and high coercivity (doesn't lose magnetic power easily).
Use where:
You need a 'general purpose' magnet
Cost is a consideration
Temperature is lower than 250°C
Typical applications:
Magnetic separation
DC motors
Loudspeakers
Reed switches
Security systems
