A ferrite is an iron oxide-containing magnetic ceramic material. They are ferrimagnetic, meaning they are attracted by magnetic fields and can be magnetized to become permanent magnets. Unlike many ferromagnetic materials, most ferrites are not electrically conductive, making them useful in applications like magnetic cores for transformers to suppress eddy currents.

A ferrimagnetic material is a material that has populations of atoms with opposing magnetic moments, as in antiferromagnetism, but these moments are unequal in magnitude, so a spontaneous magnetization remains. This can for example occur when the populations consist of different atoms or ions (such as Fe2+ and Fe3+).