Soft ferrites
Ferrites that are used in transformer or electromagnetic cores contain nickel, zinc, and/or manganese compounds. They have a low coercivity and are called soft ferrites. The low coercivity means the material's magnetization can easily reverse direction without dissipating much energy (hysteresis losses), while the material's high resistivity prevents eddy currents in the core, another source of energy loss. Because of their comparatively low losses at high frequencies, they are extensively used in the cores of RF transformers and inductors in applications such as switched-mode power supplies (SMPS).
The most common soft ferrites are manganese-zinc (MnZn, with the formula MnaZn(1-a)Fe2O4) and nickel-zinc (NiZn, with the formula NiaZn(1-a)Fe2O4). NiZn ferrites exhibit higher resistivity than MnZn, and are therefore more suitable for frequencies above 1 MHz. MnZn have in comparison higher permeability and saturation induction.
Hard ferrites
In contrast, permanent ferrite magnets are made of hard ferrites, which have a high coercivity and high remanence after magnetization. These are composed of iron and barium or strontium oxides. In a magnetically saturated state they conduct magnetic flux well and have a high magnetic permeability. This enables these so-called ceramic magnets to store stronger magnetic fields than iron itself. They are cheap, and are widely used in household products such as refrigerator magnets. The maximum magnetic field B is about 0.35 tesla and the magnetic field strength H is about 30 to 160 kiloampere turns per meter (400 to 2000 oersteds).