Platinum
Pure platinum is a lustrous, ductile, and malleable, silver-white metal. Platinum is more ductile than gold, silver or copper, thus being the most ductile of pure metals, but it is less malleable than gold. The metal has excellent resistance to corrosion, is stable at high temperatures and has stable electrical properties. Platinum does oxidize, forming PtO, at 500 °C; this oxide can be easily removed thermally. It reacts vigorously with fluorine at to form platinum tetrafluoride. It is also attacked by chlorine, bromine, iodine, and sulfur. Platinum is insoluble in hydrochloric and nitric acid, but dissolves in hot "aqua regia" (A mixture of nitric and hydrochloric acids), to form chloroplatinic acid, HPtCl.
Magnet
The cheapest permanent magnets, allowing for field strengths, are flexible and ceramic magnets, but these are also among the weakest types. The ferrite magnets are mainly low-cost magnets since they are made from cheap raw materials: iron oxide and Ba- or Sr-carbonate. However, a new low cost magnet, Mn-Al alloy, has been developed and is now dominating the low-cost magnets field. It has a higher saturation magnetization than the ferrite magnets. It also has more favorable temperature coefficients, although it can be thermally unstable.
Neodymium-iron-boron (NIB) magnets are among the strongest. These cost more per kilogram than most other magnetic materials but, owing to their intense field, are smaller and cheaper in many applications.