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Industrial strength magnets are used widely for lifting, work holders,and chucks. They are also used in manufacturing to create motors, transformers, electronic sensors, and other products. Industrial magnets have many applications, from material handling to water purification.

Industrial magnets in conveyors, separators, and pulleys separate impure material from the line. Magnetic sorters separate metals from ore in mining. Magnetic sweepers remove metal objects from shop floors. Industrial magnets are also used as parts trays and tool holders. A flexible magnet is a type of magnet that is bendable and can be easily trimmed. Flexible magnetic strips and sheets can be custom cut for specific purposes, and adhesive magnetic strips have a thousand uses.

Types of industrial magnet include alnico magnets, composed of aluminum (Al), nickel (Ni), and cobalt (Co). These elements are mixed with iron to create a permanent magnet. Alnico bar magnets can withstand extremely high temperatures. Rare earth magnets are permanent magnets made from alloys of rare earth elements and include samarium-cobalt and neodymium rare earth magnets. Neodymium disc magnets offer the strongest magnetic performance. Electromagnets are non-permanent, becoming magnetized only when a current is passed through it.