Permanent magnet on rare-ground/iron/boron basis and procedure for its production

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Disclosed is a method for the preparation of a magnetically anisotropic rare earth/iron/boron-based permanent magnet in a relatively bulky form having a nanocomposite structure as prepared from quenched thin ribbons of the alloy. The method comprises heating the powder of quenched thin ribbons to a temperature allowing partial formation of a liquid phase of a lanthanum/iron or rare earth/copper alloy of low melting point and subjecting the powder of the quenched thin ribbons to a uniaxial hot-deformation treatment by passing the powder under resistance heating through a gap between a pair of compression rollers.