Magnetic Material

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Disclosed is a magnetic material which exhibits an improved saturation magnetic flux density and an improved magnetic anisotropy and, thus, is adapted for use as a raw material of a permanent magnet or a bond magnet of a high performance. The magnetic material is represented by a general formula RXCoyFe100-x-y(I) where R is at least one element selected from the rare earth elements, x and y are atomic percent individually defined as 4