Magnet keeper in the context of "Ferromagnetism"

Ferromagnetism is a property of certain materials (such as iron) that results in a significant, observable magnetic permeability, and in many cases, a significant magnetic coercivity, allowing the material to form a permanent magnet. Ferromagnetic materials are noticeably attracted to a magnet, which is a consequence of their substantial magnetic permeability.

Magnetic permeability describes the induced magnetization of a material due to the presence of an external magnetic field. For example, this temporary magnetization inside a steel plate accounts for the plate's attraction to a magnet. Whether or not that steel plate then acquires permanent magnetization depends on both the strength of the applied field and on the coercivity of that particular piece of steel (which varies with the steel's chemical composition and any heat treatment it may have undergone).

Alnico is a family of iron alloys which, in addition to iron, are composed primarily of aluminium (Al), nickel (Ni), and cobalt (Co), hence the acronym al-ni-co. They also include copper, and sometimes titanium. Alnico alloys are ferromagnetic, and are used to make permanent magnets. Before the development of rare-earth magnets in the 1970s, they were the strongest permanent magnet type. Other trade names for alloys in this family are: Alni, Alcomax, Hycomax, Columax, and Ticonal.

The composition of alnico alloys is typically 8–12% Al, 15–26% Ni, 5–24% Co, up to 6% Cu, up to 1% Ti, and the rest is Fe. The development of alnico began in 1931, when T. Mishima in Japan discovered that an alloy of iron, nickel, and aluminum had a coercivity of 400 oersteds (32 kA/m), double that of the best magnet steels of the time.