“…The saturation magnetization M s was extracted from the hysteresis loop measurements by plotting the curve of M versus 1=H 2 and extrapolating the curve to infinite H. Although the samples consist of magnetically hard and soft phases, smooth single-phase like hysteresis loop with a remanence ratio (i.e., squareness factor M r =M s 0:6) over 50% are observed in the explosively consolidated compacts, indicating effective exchange coupling between hard mangetic Pr 2 Fe 14 B and soft magneticFe phases. The magnitude of squareness factor is one of extrinsic magnetic properties, and is very sensitive to local structural properties, 22,23) such as defects, grain size, and strain, and it also relates to the effects of grain alignment and exchange interaction. The squareness is lower compared to those values (0:680:82) of sintered anisotropic magnets, 18) which is due to the isotropic characteristic of nanocomposites and the existence of magnetically soft phases that result in the reversal of nucleation fields at low magnetic field.…”