Before the discovery of the neodymium magnet, the strongest permanent magnet was the samarium–cobalt magnet, which was based on the Sm 2 Co 17 intermetallic phase. However, samarium is expensive ...

Samarium-Cobalt (SmCo) Magnet The initial development of rare earth magnets occurred in the 1960s in the US, utilizing the rare earth element, samarium, combined with the metallic element cobalt.

Permanent Magnets market size is expected to be worth around USD 78.9 Billion by 2033, from USD 38.0 Billion in 2023, growing at a CAGR of 8.7% Lawrence John Prudour +91 91308 55334 ... Visit us on ...

These magnets are commonly used in electric motors, magnetron tubes, as well as turbine blades for gas turbines and jet aircraft engines. Cobalt is combined with the rare-earth element Samarium to ...