If you placed a magnet in a furnace capable to melting any mineral and turned it to maximum then magnet will lose its magnetic force.
anything that can produce a magnetic field around itself and draw iron with it is a magnet. Every known element and several compounds had undergone magnetism tests by the end of the 19th century, and it was found that each one of them possessed some magnetic properties. The only three elements that exhibit ferromagnetism are iron, nickel, and cobalt. All ferromagnetic materials exhibit hysteresis, a lag in response to shifting forces brought on by energy losses from internal friction. When B is measured for various values of H and the results are graphically displayed, a loop of the kind shown in the accompanying figure is created. A hysteresis loop is what this loop is called.
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