Magnet
Rare earth (lanthanoid) elements have a partially occupied "f" electron shell (which can accommodate up to 14 electrons). The spin of these electrons can be aligned, resulting in very strong magnetic fields, and therefore, these elements are used in compact high-strength magnets where their higher price is not a concern. The most common types of rare-earth magnets are samarium-cobalt and neodymium-iron-boron (NIB) magnets.
Magnadur
Magnadur is a sintered barium ferrite, specifically BaFeO in an anisotropic form. It is used for making permanent magnets. The material was invented by Mullard and was used initially particularly for focussing rings on cathode ray tubes. Magnadur magnets retain their magnetism well, and are often used in education. Magnadur can also be used in DC motors.