Cobalt, like iron, can be magnetised and so is used to make magnets. It is alloyed with aluminium chromium and nickel to make particularly powerful magnets: Permanent Magnet Containing Nickel, Aluminum, Cobalt, And Chromium (1936).
Other alloys of cobalt are used in jet turbines (High-Temperature Cobalt Alloy (1950)), where high-temperature strength is important.