Abstract: The magnetic material disclosed in a preferred embodiment of the invention contains the following relative proportion of components, at. %:______________________________________ at least one of the rare earth elements selected 12.0-17.0; from the group consisting of Neodymium and Praseodymium at least one of the rare earth elements selected 0.1-5.0 from the group consisting of Dysprosium and Terbium at least one of the elements selected from the 0.5-4.0; group consisting of Aluminum, Niobium, and Chrome at least one of the elements selected from the group 0.1-1.5; consisting of Titanium, Hafnium, Zirconium, Vanadium and Titanium Cobalt 2.0-6.0 Boron 6.5-8.5 Uranium 0.05-1.