Profile: Hong Kong U Magnet Industry Co. Limited specializes in manufacturing magnetic materials and devices. Our neodymium magnet is a type of rare earth magnet. It consists of neodymium, iron and boron. It is used in electric motors, generators, magnetic tools & equipments and MRI equipments. Ferrite magnets are also known as ceramic magnets. The ferrite magnet is provided with brittle property. The components of ferrite magnets are strontium oxide or barium oxide and iron oxide. The ferrite magnets can withstand 250°C. The ferrite magnets are used in packing industry, crafts, magnetic holders, toys, motors and speakers.