• An Alloy or Mixture of Any One of the Above Metals
So this means that any metal that contains iron, cobalt, nickel, or a metal mixture that contains one of the three, is a ferrous metal, and also, magnetic. These metals are “ferromagnetic” or “ferrimagnetic” materials. Their magnetic capabilities and properties are strong enough for them to be considered ferromagnetic. A naturally-occurring magnetic mineral, used in the early days of compass manufacturing, is called lodestone. It is the only natural magnet.
Even electromagnetism, which sends electrical currents through coils, uses ferromagnetic materials to produce magnetic fields. For example, coils are often wrapped around steel or other ferromagnetic material. These coils are only magnetic when an electrical current is sent through them. The steel center allows for a stronger magnetic field. This technology is used prevalently in engines and turbines, as well as, a means to produce electricity.
It is important to preserve our natural resources the best we can, and metal recycling is a great way to achieve this! Magnetic metals, just like all other metals, are 100% recyclable. They can be smelted, melted, or reused in various industries all over the world. Contact a local scrap metal recycling center for details about recycling magnetic, ferrous, non-ferrous metals, and metal commodities (i.e. cars, appliances, electronics, etc.) in your neighborhood. You might even be able to pocket some cash for it!