UPDATE : 2017-09-05





A ferrite is a type of ceramic compound composed of iron (III) oxide (Fe2O3) combined chemically with one or more additional metallic elements. They are both electrically nonconductive and ferrimagnetic, meaning they can be magnetized or attracted to a magnet. Ferrites can be divided into two families based on their magnetic coercivity, their resistance to being demagnetized. Hard ferrites have high coercivity, hence they are difficult to demagnetize. They are used to make magnets, for devices such as refrigerator magnets, loudspeakers and small electric motors.  Ferrite compounds have extremely low cost, being made of iron oxide (i.e. rusted iron), and also have excellent corrosion resistance. They are very stable and difficult to demagnetize, and can be made with both high and low coercive forces.