Ferrites were first discovered thousands of year ago. Large deposits were found in the district of Magnesia in Asia Minor, giving the mineral's name of magnetite (Fe3O4).
Magnetite was nicknamed lodestone and used by early navigators to locate the magnetic North Pole. William Gilbert published De Magnete, a paper on magnetism in 1600, about the use and properties of Magnetite. In 1819, Hans Christian Oersted reported that when an electric current in a wire was applied to a magnetic compass needle, the magnet was affected - this is called electromagnetism.
In 1825, British inventor William Sturgeon (1783-1850) exhibited a device that laid the foundations for large-scale electronic communications: the electromagnet. Sturgeon displayed its power by lifting nine pounds with a seven-ounce piece of iron wrapped with wires through which the current of a single cell battery was sent.
Cow MagnetsU.S. patent # 3,005,458 is the first patent issued for a cow magnet issued to Louis Paul Longo, the inventor of the Magnetrol Magnet, for prevention of hardware disease in cows.