A permanent magnet is a magnet because of the orientation of its
domains. Domains are the small magnetic field inherent in the
crystalline structure of ferromagnetic materials. Ferromagnetic
materials are the only substances capable of being made into magnets
they are normally iron, nickel, or alloys that are made or rare-earth
metals. A magnet is created when certain condition cause separate
domains in a ferromagnetic item to be all aligned in the same
direction. However the method used in most cases weak magnets can only
be made. This is normally by direct contact with a naturally magnetic
material or by running an electric current through it. However in the
case of a field produced by rubbing it against a strong magnet is too
weak and will fade over time as the domains return to their original
positions.
The main way that permanent magnets are created is by heating a
ferromagnetic material to a key high temperature. The temperature is
specific to each kind of metal but it has the effect of aligning and “
fixing†the domains of the magnet in a permanent position. It is
conjectured that this same process inside the Earth is what creates
Permanent magnets are important for their industrial uses especially
when it comes to power generation and electric motors. The induction
process for turbines and generators needs permanent magnets to turn
mechanical motion into energy. They are also important for electric
motors in many electronics using the reverse of the induction of
electric current to make mechanical energy. As you can see without the
permanent magnet we would not be able to take full advantage of the
capabilities of electricity in modern devices.