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The suspended permanent magnet separator requires a high-coercivity, high-remanence special permanent magnet "NdFeB" to form a composite magnetic system. The suspended permanent magnet separator has the advantages of maintenance-free, strong magnetic force, long service life, simple installation, convenient use and reliable operation. The suspended permanent magnet separator is adapted for belt conveyor, vibrating conveyor, electromagnetic vibrating feeder and blanking. In addition to iron in the non-magnetic material on the chute, 0.1 to 25kg of ferromagnetic material can be removed by using a suspended permanent magnet separator, and the internal permanent magnet magnetic system has a service life of more than 10 years.