Ceramic magnets are composed of iron oxide, barium and strontium elements. This class of magnets has a higher magnetic flux density, higher coercive force, and higher resistance to demagnetization and oxidation compared to other non-rare earth permanent magnets. The biggest advantage of such magnets is their low cost, which makes the hard ferrite magnets very popular in many permanent magnet applications. Due to their ceramic nature, ferrite magnets are very hard and brittle. Special machining techniques must to be utilized for these magnets.