Magnetic material and process for its preparation

The present invention relates to a magnetic material (10) having a hard magnetic phase (3) and a grain boundary phase (2), wherein the hard magnetic phase (3) is formed from a starting material containing at least one transition metal (TM), at least one rare earth metal (RE ) and at least one additional element (X) selected from the group consisting of: B, C, N, P, W, V, Cr, Mo, Ti, Ta, Nb, Al, Cu, Ga, Si, Zr, Hf, Zn and Sn, includes, where the main component of rare earth metal (RE) of at least one element selected from the group consisting of: Ce, La, Y, Sc and Pr, is formed, and wherein the grain boundary phase (2) at least one heavy rare earth metal ( Z) and / or Nd contains.