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<p>Pros:
<p> 1. least expensive material compared to alnico magnets or rare earth magnets<p> 2. high intrinsic coercive force<p> 3. corrosion resistance
<p>Cons:
<p> 1. Hard ferrite magnets (Barium ferrite and strontium ferrite), are manufactured in power metallurgy process.<p> 2. Maximum working temperature is as high as 250℃, hard but crispy.<p> Hard ferrite magnets can be machined with diamond grinding wheel and molded with alloy steel dies.<p> Soft ferrite magnets have low Hc (coercive force) and can be re-magnetized repeatedly.<p> Magnetism shall vanish or be mostly lost when the external electric field is removed.
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