Industrial strength magnetic hook swings 180 degrees. Heavy duty construction is ideal for holding and storing cables, tools and wires. Features six powerful neodymium magnets in a 360 degree rotating assembly. All magnets are not created equal. Neodymium magnets are a permanent type of Rare Earth Magnet, made from neodymium, iron, boron and other transition elements. Affordability & availability contribute to this strong magnet's growing popularity. These are the strongest permanent magnets on the market today. Grade N42 offers high performance at an economical price. Neodymium magnets have many uses, from a variety of industrial applications to an unlimited number of personal projects. They can be used in the manufacturing of motors, alternators, and actuators and also great for crafts, school experiments and DIY jobs. Perfect for small yet strong closures and fasteners and ideal for keeping objects secure on any ferrous metal surface.