Ferrite Magnets are Sintered magnets (ceramic magnets) made from ferric oxide, a raw material which is abundant in supply, thus a steady flow of Ferrite magnets can be ensured at a reasonable price setting, in fact the lowest price among competing products in the market today. Due to its high-coercive property, there is a smaller chance of demagnetization, and they are suitable for being used in flat forms. The magnets are produced by pressing a fine-powder of ferric oxide in a mold and heated in a furnace at approximately 1200 degrees Celsius. They are resistant to corrosion and fit for mass production. Ferrite magnets can be classified into two categories: Anisotropic Ferrite and Isotropic Ferrite.