This document discusses various applications of magnetic materials including their use in electrical machines and permanent magnets. It describes low carbon steel as the most commonly used soft magnetic material due to its low cost and ability to minimize eddy current losses. Alnico alloys and hard ferrites are mentioned as important hard magnetic materials used in permanent magnets, with barium ferrite and strontium ferrites replacing older ferrites due to superior magnetic properties. Magnetic storage media is also summarized, noting it consists of magnetic oxide particles dispersed in a binder to allow individual particles to act as single domain magnets along their axis, with gamma ferric oxide being commonly used.