<span>Ferrite Magnets (</span><span>ferromagnetic or ferrimagnetic) </span>are the kinds of magnets in a fridge magnet. <span>A refrigerator magnet is made of </span>powdered ferrite<span> (iron rust) and a liquid binding agent of </span>plastic<span> or rubber. The two are heated, mixed together, and poured into a sheet mold which is then exposed to a strong magnetic field.</span>
