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An exchange spring magnet is a magnetic material with high coercivity and high saturation properties derived from the exchange interaction between a hard magnetic material and a soft magnetic material, respectively.

Coehoorn et al. were the first able to observe an actual exchange spring magnet. Exchange spring magnets are cheaper than many magnets containing rare earth/transition metals , as the hard phase of the magnet can be less than 15% of the overall magnet by volume.

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