Rare earth intermetallic compounds produced by a reduction-diffusion process

A reduction-diffusion process is given for producing novel rare earth intermetallic compounds, such as cobalt--rare earth intermetallic compounds, especially compounds useful in preparing permanent magnets. A particulate mixture of rare earth metal halide, cobalt and calcium hydride is heated to effect reduction of the rare earth metal halide and to diffuse the resulting rare earth metal into the cobalt to form the intermetallic compound