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This magnetic cup magnet is made of a neodymium magnet encased inside a chrome plated steel cup. This design greatly increases the holding power of the magnet, as well as protect the magnet, allowing it to last longer. This magnet holds very well against steel surfaces. The countersunk hole on the magnet is provided for easy use. You can use a #18 flat head screw to fix it onto a wall or a cabinet. Applications: holding, lifting, metal retrieving and fishing, and much more. CMS Magnetics provides both neodymium and ceramic cup magnets. We have about 20 different options. Check out our listings in our Amazon Store!