Nickel (Ni): Magnetic material: Nickel-ferroalloy is an important soft magnetic material used in transformer cores, magnetic shields, sensors, etc. Resistance material: Nickel-chromium alloy is a commonly used resistive wire/film material. Cobalt (Co): Magnetic Material: Cobalt is a key component of permanent magnet materials (such as samarium-cobalt SmCo, aluminum-ni-cobalt AlNiCo) and soft magnetic materials (such as cobalt ferroalloys), and is used in high-performance motors, generators, sensors, hard drives, speakers, etc.