A method of improving the magnetic properties of cobalt substituted magnetite by magnetizing the material to the saturation level in the desired direction, and then removing the magnetizing field. The material will retain a level of magnetization normally referred to as the remanent state of magnetization or simply remanence. The magnetized material is then subjected to a heat treatment to anneal the material. The above process significantly improves coercivity, hysteresis loop squareness ratio, and resistance to remanence loss due to external forces.
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