Ferrite disc magnet. The magnets have a north (N) and south (S) pole on their flat circular surfaces and have axial magnetization.

• Ideal for tourist items
• Suitable for ceramics, plastics, paper, wooden, and other fridge items

The magnetic compass is the best-known type of compass. It acts as an indicator to the magnetic north, as the magnetized needle aligns with the horizontal component of the Earth's magnetic field. The magnetic field exerts torque on the needle, pushing the north end toward the Earth's magnetic north pole and pulling the other toward the magnetic south pole. The needle is mounted on a low-friction pivot point.