The neodymium Magnetic Wrench Holder from Master Magnetics is designed to hold impact wrenches, heat/paint guns and other heavy tools on any ferrous metal surface. With 105 lbs of pull, the magnet is sturdy enough to securely hold a wide range of tools, according to the company. The vinyl coating on the ring helps keep tools in place, without slipping or scratching. Both the repositionable, non-scratch, rubber-coated base and ring are heat resistant up to 175 degrees F. The Magnetic Wrench Holder is ideal for garages, auto and tire shops, vehicle wrap installations, workshops and warehouses.