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Business magnate. A business magnate, also known as an industrialist or tycoon, is a person who has achieved immense wealth through the creation or ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding ...
A neodymium magnet (also known as NdFeB, NIB or Neo magnet) is a permanent magnet made from an alloy of neodymium, iron, and boron to form the Nd 2 Fe 14 B tetragonal crystalline structure. [1] They are the most widely used type of rare-earth magnet. [2] Developed independently in 1984 by General Motors and in 1970s by Sumitomo Special Metals ...
Alnico is a family of iron alloys which, in addition to iron are composed primarily of aluminium (Al), nickel (Ni), and cobalt (Co), hence the acronym [1] al-ni-co. They also include copper, and sometimes titanium. Alnico alloys are ferromagnetic, and are used to make permanent magnets. Before the development of rare-earth magnets in the 1970s ...
A magnet is a material or object that produces a magnetic field. This magnetic field is invisible but is responsible for the most notable property of a magnet: a force that pulls on other ferromagnetic materials, such as iron, steel, nickel, cobalt, etc. and attracts or repels other magnets. A permanent magnet is an object made from a material ...
Samarium–cobalt magnet. A samarium–cobalt (SmCo) magnet, a type of rare-earth magnet, is a strong permanent magnet made of two basic elements: samarium and cobalt . They were developed in the early 1960s based on work done by Karl Strnat at Wright-Patterson Air Force Base and Alden Ray at the University of Dayton.
A rare-earth magnet is a strong permanent magnet made from alloys of rare-earth elements. Developed in the 1970s and 1980s, rare-earth magnets are the strongest type of permanent magnets made, producing significantly stronger magnetic fields than other types such as ferrite or alnico magnets. The magnetic field typically produced by rare-earth ...
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