A new rapid solidification processing technique, liquid dynamic compaction (LDC), has been used to make bulk permanent magnets of composition Fe57Co20Nd15B8. In this process, molten metal is spray atomized onto a cooled substrate in a protective atmosphere. Oxidation is minimal. Subsequent heat treatment at 450 °C of the LDC’d material has resulted in isotropic permanent magnets with intrinsic coercivity and remanance approaching 8000 Oe and 6000 G, respectively.