Bonded magnet is made through "compression molding" or "injection molding" of the mixture of quick-quenched NdFeB magnetic powder and bonding agent. Bonded SmCo magnet is made by grinding sintered SmCo magnets. SmCo powder is mixed with resin and molded like Nd-Fe-B plastic bonded magnet and has been produced without secondary processing. For bonded SmCo magnet has high resistance to corrosion, it is free of coating.