Permanent Magnets Market - Demand for Better Performing Vehicles Is Expected to Open Opportunities
Permanent magnets are materials that possess the ability of retaining their magnetic properties even in the absence of an external electric field. Permanent magnets are used in a wide range of applications including household equipment, electronic and medical devices, electricity generation and automobiles among others. Permanent magnets are manufactured from a magnetized material that creates its own persistent magnetic field. They are either ferromagnetic or ferrimagnetic. These include cobalt, nickel, iron and alloys of rare earth elements as well as...
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