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Strong magnetic with steel and neodymium magnet.Can absorb on any places where have metal to hang items. Great for salvaged of various iron-containning material underwater and Good idea for magnet fishing, lifting, hanging, retrieving applications. Have fun to searching items like eyebolt, screws, hooks, fasteners and so on in your garage. Thread locker is strongly recommended for magnet fishing to keep the eyebolt from backing out. Ni+ +Ni Triple Layer Coated. Provides a shiny and rust resistant coated steel cup provides protection for the magnet and helps to prevent chipping or cracking.