Magnetic material, its use and method of manufacturing the same

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The invention relates to a magnetic material which contains at least one transition metal (TM), at least one rare earth metal (RE), and titanium. The content of the transition metal equals 74 to 94 at %, the content of the rare earth metal equals 2 to 20 at %, and the content of titanium equals 7 to 9 at %, in each case based on the total mass of the magnetic material, and the transition metal comprises cobalt.