“…Barium hexaferrite (BaFe 12 O 19 ) has been one of the most widely used magnetic materials, accounting for nearly 90% of the $4 billion global market due to its superior properties such as low manufacturing costs, high Curie temperature, high coercivity, chemical stability, and corrosion resistance [ 1 , 2 , 3 , 4 , 5 ]. The production of hexagonal BaFe 12 O 19 has reached 300,000 tons annually, equivalent to 50 g per person [ 2 , 6 , 7 , 8 , 9 ]. Due to its hexagonal structure, the material was called barium hexaferrite.…”