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1. Rare Earth Permanent Magnet Materials (Strongest Magnetism)
- Neodymium Iron Boron Magnet (NdFeB):
- Main elements: Neodymium (Nd), Iron (Fe), Boron (B).
- Samarium Cobalt Magnet (SmCo):
- Main elements: Samarium (Sm), Cobalt (Co), sometimes with the addition of iron, copper, etc.
2. Ferrite Permanent Magnet Materials (Low Cost, Wide Application)