The elements of Ferrite magnets are ferric oxide, barium and strontium, etc. Ferrite magnets have higher coercive force and higher resistance to be demagnetized and oxidized than other non-rare earth permanent magnets. The biggest advantages of such magnets are their low price.
Ferrite magnets are widely used in motors, speakers, microwave devices, electronics, machines, instruments, meters, toys and crafts, etc.
We have an annual output of 10000 tons of hard ferrite magnets.