Iron-rich compounds with the tetragonal ThMn12-type structure have the potential to meet current demands for rare-earth-lean permanent magnets with high energy density and operating temperatures of 150–200 ℃. However, while it is normal for magnet technology to lag behind the development of underlying magnetic material, this gap has always been unusually large for ThMn12-type magnets. The gap has widened further in recent years, as excellent combinations of intrinsic magnetic properties have been obtained in compounds synthesized with a smaller amount of structure-stabilizing elements (e.g., SmFe11V or Sm0.8Zr0.2Fe9.2Co2.3Ti0.5) or with no such elements (i.e., SmFe9.6Co2.4 thin films). The search for promising compounds continues—with increasing help coming from theoretical calculations. Unfortunately, progress in the development of magnets beyond polymer-bonded interstitially modified powders remains marginal. The introduction of lanthanum (La) was found to stabilize low-meltingtemperature minority phases in Sm(Fe,Ti)12 alloys, thus allowing for liquid-phase sintering for the first time. The high reactivity of La, however, has apparently undermined the development of coercivity (Hc). A controlled crystallization of the initially suppressed ThMn12-type phase makes "bulk" magnetic hardening possible, not only in Sm-Fe-V alloys (in which it has been known since the 1990s), but also is in La-added (Ce,Sm)(Fe,Ti)12 alloys. The properties of the bulk-hardened alloys, however, remain unsatisfactory. Mechanochemically synthesized (Sm,Zr)(Fe,Si)12 and (Sm,Zr)(Fe,Co,Ti)12 powders may become suitable for sintering into powerful fully dense magnets, although not before a higher degree of anisotropy in both alloys and a higher Hc in the latter alloy have been developed.