Abstract: A magnetic lock assembly includes a magnetic lock cylinder for actuating a latch assembly, wherein the magnetic lock cylinder including a lock sleeve having an axial rotor hole and a plurality of tumbler sockets radially distributed on an inner surface of the lock sleeve; a plurality of magnet tumblers, each of which has a north pole and a south at two ends respectively, being coaxially placed in the tumbler sockets respectively; a tubular lock rotor being rotatably and coaxially fitted in the axial rotor hole of the lock sleeve, the lock rotor having an axial through hole and a plurality of locking holes radially distributed through a rotor wall thereof; a locker tube being fittedly disposed inside the axial through hole of the lock rotor to define a keyway therethrough; a magnetic key including a round key body having a plurality of magnet sockets provided around the key body corresponding to the axial and radial positions of the magnet tumblers in the magnetic lock cylinder respectively, and a plurality of