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Ferrite magnets are also known as ceramic magnets and because of their low production costs and their resistance to heat (up to 250℃) and corrosion ferrite magnets are among the most popular for everyday applications. Look on the back of your fridge magnets and you will more than likely find a ferrite magnet, although their uses obviously go much further than just fridge magnets; read on to find out how ferrite magnets are made and what ferrite magnets are used for.