Abstract: A magnetic lifting tool is set forth for use in cleanup and removal of ferrous metals from construction sites, such as nails and the like. A circular lifting plate includes a plastic housing with an included steel pickup surface which has secured thereto a multi-adjustable handle for accommodating various statures of users of the tool. A permanent or electromagnet insert is positioned between the pickup surface and housing for providing magentic lifting force. The circular housing eases manipulation of the tool about a construction site surface.