Uh, some of this contradicts what I was taught in my graduate theory classes, and what I see in the real world, but whatever... IME a magnet (ferrite, actually) can affect the a.c. current through a wire by virtue of EM coupling. HOWEVER, I am not sure it's relevant given we appear to be talking about placing magnets on top of components? Somehow I lost what we are talking about... Senility, I guess - Don