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What is the difference between ferrite cores and permanent magnets?

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What is the difference between ferrite cores and permanent magnets?

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Ferrite cores are commonly referred to as “soft” magnetic materials, meaning that when they are not exposed to an electric current they do not exhibit magnetism. Permanent magnets are referred to as being “hard” magnetic materials, since their magnetism is inherent in their material, and they do not require an electric current to remain magnetized.

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