The correct option is A True
Alnico is an acronym, referring to a family of iron alloys which in addition to iron are composed primarily of aluminium (Al), nickel (Ni) and cobalt (Co), hence al-ni-co. They also include copper, and sometimes titanium. Alnico alloys are ferromagnetic, with a high coercivity (resistance to loss of magnetism) and are used to make permanent magnets.The composition of alnico alloys is typically 8–12% Al, 15–26% Ni, 5–24% Co, up to 6% Cu, up to 1% Ti, and the balance is Fe. It has a coercivity of 400 oersteds, double that of the best magnet steels of the time. Therefore it is also called magnetic steel.
Option A is correct