FeCrCo magnets were developed in the 1970’s. The FeCrCo permanent magnet alloy is known for its ductility and machinability prior to the final heat treatment. At this point in the process, the low cobalt material can be machined as if it was soft steel. It can be bent and heat-treated with a curved field to form a horseshoe magnet.
The simplified processes of manufacturing and magnetization, along with its high working temperature and significantly reduced cobalt content, often enable it to outshine other permanent magnets.