Permanentm agnets are ac lass of critical materials for information storage, energy storage, and other magnetoelectronic applications. Compared with conventional bulk magnets, magnetic nanoparticles (MNPs) showu nique sizedependentm agnetic properties, which make it possible to control and optimize their magnetic performance for specific applications. The synthesis of MNPs has been intensively explored in recent years. Among different methods developed thus far,c hemical synthesis based on solution-phase reactions has attracted much attention owing to its potential to achievet he desired size, morphology,s tructure, and magnetic controls. This Minireview focuses on the recent chemical syntheses of strongly ferromagnetic MNPs (H c > 10 kOe) of rare-earth metals and FePt intermetallic alloys. It further discusses the potential of enhancing the magnetic performance of MNP composites by assembly of hard and soft MNPs into exchange-coupled nanocomposites.H igh-performance nanocomposites are key to fabricating superstrong permanent magnets form agnetic, electronic, and energy applications.[a] Dr.