Good for holding small parts, bolts, nuts, washers etc. It has very strong magnets that will hold it to flat or uneven metal surfaces. Strong magnets keep parts in the tray even if the tray is bumped. UPDATE: After about a year of use, the magnets came loose from the tray. If you now pick up the tray, the magnets will detach from the tray. Then you have to remove the magnets from what they stick to and put them back on the tray.
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