Magnet
Many materials have unpaired electron spins, and the majority of these materials are paramagnetic. When the spins interact with each other in such a way that the spins align spontaneously, the materials are called ferromagnetic (what is often loosely termed as magnetic). Because of the way their regular crystalline atomic structure causes their spins to interact, some metals are ferromagnetic when found in their natural states, as ores. These include iron ore (magnetite or lodestone), cobalt and nickel, as well as the rare earth metals gadolinium and dysprosium (when at a very low temperature). Such naturally occurring ferromagnets were used in the first experiments with magnetism. Technology has since expanded the availability of magnetic materials to include various man-made products, all based, however, on naturally magnetic elements.
Ferrite core
Ferrites are ceramic compounds of the transition metals with oxygen, which are ferrimagnetic but nonconductive. Ferrites that are used in transformer or electromagnetic cores contain iron oxides combined with nickel, zinc, and/or manganese compounds. They have a low coercivity and are called ""soft ferrites"" to distinguish them from ""hard ferrites"", which have a high coercivity and are used to make ferrite magnets. The low coercivity means the material's magnetization can easily reverse direction without dissipating much energy (hysteresis losses), while the material's high resistivity prevents eddy currents in the core, another source of energy loss. The most common soft ferrites are: