Manganese-zinc (MnZn) ferrites have important application in convertors and switching mode power supplies. The core losses ( $\text{P}_{L}$ ) of MnZn ferrites have serious influence on the performance of power conversion devices. It is worth emphasizing that reducing the core losses at high frequency is of great significance for the miniaturization and integration of power conversion devices. Here in this paper, MnZn ferrites have been fabricated by the method of solid-state reaction, and the effect of CaCO3 and V2O5 co-additives on the microstructure and magnetic property has been investigated. This paper illustrated the competition mechanism of grain growth, which originated from the hindrance effect of CaCO3 and acceleration effect of V2O5, as well as the effect of CaCO3 and V2O5 on core losses by means of loss separation method. In addition, as for the MnZn ferrite sample with 0.1 wt% CaCO3 and 0.01 wt% V2O5 co-additives, core losses were suppressed to 46 and 664 kW/m3 corresponding to 3 MHz 10 mT and 3 MHz 30 mT at 25 °C, respectively. The state-of-the-art MnZn ferrites with ultralow core losses own potential application for high-frequency power conversion devices.
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