The structure, thermal stability, and crystalline behavior of (Fe0.9Co0.1)67.5Nb4Gd3.5B25 glassy alloy, which exhibits a two-stage-like glass transition phenomenon, were investigated using x-ray diffraction, transmission electron microscopy, and differential scanning calorimetry. The nanoscale metastable (Fe,Co)23B6 phase precipitated in the glassy matrix after annealing, while the two-stage-like glass transition disappeared, indicating the two-stage-like glass transition results from the overlap of the endothermic reaction for the glass transition with the exothermic reaction for the formation of the (Fe,Co)23B6 phase in the supercooled liquid region. The (Fe0.9Co0.1)67.5Nb4Gd3.5B25 glassy alloy exhibits high glass-forming ability, enabling the formation of glassy alloy rods with diameters exceeding 3.0 mm, rather high saturation magnetization of 0.91 T, low coercive force of 2.5 A/m, and high fracture strength of 3870 MPa.
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