An international team of researchers led by the Centre de Recherche Paul Pascal (UMR 5031, CNRS -University of Bordeaux) has discovered a novel way to design magnets with outstanding physical properties, which could make them complementary to, or even competitive with traditional inorganic magnets, which are widely used in everyday appliances.
Magnets are an integral part of our everyday lives and are found in many medical and electronic devices, including household appliances, electric motors, and computers. The demand for new magnetic materials has significantly increased in recent years. Many of such materials are composed of metallic elements or rare earth metals that can be used at room temperature. In 2019, the global market for these inorganic magnets was worth US$ 19.5 billion, and is expected to reach US$ 27.5 billion by 2025.
However, inorganic magnets can be expensive to fabricate and access to their constituent elements is often limited.