Magnet
A permanent magnet is an object made from a material that is magnetized and creates its own persistent magnetic field. An everyday example is a refrigerator magnet used to hold notes on a refrigerator door. Materials that can be magnetized, which are also the ones that are strongly attracted to a magnet, are called ferromagnetic (or ferrimagnetic). These include the elements iron, nickel and cobalt, some alloys of rare-earth metals, and some naturally occurring minerals such as lodestone. Although ferromagnetic (and ferrimagnetic) materials are the only ones attracted to a magnet strongly enough to be commonly considered magnetic, all other substances respond weakly to a magnetic field, by one of several other types of magnetism.
Ferrite (magnet)
A ferrite is a ceramic material made by mixing and firing large proportions iron(III) oxide (FeO, rust) blended with small proportions of one or more additional metallic elements, such as barium, manganese, nickel, and zinc. They are both electrically "non"-conductive, meaning that they are insulators, and ferrimagnetic, meaning they can easily be magnetized or attracted to a magnet. Ferrites can be divided into two families based on their resistance to being demagnetized (magnetic coercivity).