Abstract: Disclosed is an interdispersed two-phase ferrite composite which comprises, as a ferromagnetic phase, a magnetically hard ferrite material having a hexagonal crystalline structure of the general formula MO.6Fe.sub.2 O.sub.3 in which M is selected from the group consisting of strontium, barium, lead and mixtures thereof exhibiting a coercivity of at least 300 Oersteds when magnetically saturated and an induced magnetic moment of at least 20 EMU/g when in an applied magnetic field of 1000 Oersteds and, as a ferroelectric phase, a ferroelectric material comprised of at least one of the double oxides of titanium, zirconium, tin, hafnium or germanium and either an alkaline earth or lead or cadmium, in which the mole ratio of the ferromagnetic phase to the ferroelectric phase is from about 1:1 to about 1:4.