An article having a nanocomposite magnetic component and method of forming a nanocomposite magnetic component are disclosed. The article includes a plurality of nanocrystalline flake particles bonded along their prior particle boundaries. The nanocrystalline flake particles have a median grain size less than about 30 nanometers and include a first set of grains comprising predominantly permanent magnet phase and a second set of grains comprising predominantly soft magnet phase.
STATEMENT REGARDING FEDERALLY SPONSORED RESEARCH AND DEVELOPMENT
 This invention was made with Government support under contract number DE-AR0000158 awarded by the U.S. Department of Energy. The Government has certain rights in the invention.