Ferrite magnets are a type of permanent magnet made from a mixture of iron oxide and other metallic elements. They are known for their high resistance to demagnetization and are commonly used in various applications, including motors, speakers, and magnetic assemblies. Their cost-effectiveness and durability make them a popular choice in both industrial and consumer products. These magnets are typically brittle and can break if dropped or subjected to excessive force. Ferrite magnets come in different shapes and sizes, allowing for versatility in design. They are often used in situations where high magnetic strength is not required, making them suitable for everyday items like refrigerator magnets.