High purity iron is suitable to produce Magnetic Material, such as ferrite magnets, NdFeB Permanent Magnets, etc., which are widely applied in fields of electronic, electricity power mechanics, medical apparatus and instruments, toys, package, hardware mechanic, aerospace, etc.
The third generational rare earth NdFeB magnet is the most powerful permanent magnets in the current time, it is made of rare earth metal neodymium(29%-32.5%), Iron(63.95%-68.65%), non-metal element Boron, and other additions such as Dysprosium(0.6-8%), Niobium(0.3-0.5%), Aluminum(0.3-0.5%), Copper(0.05-0.15%), etc.