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How does a pick-up tool work?

How does a pick-up tool work?

Shop for Pick Up Tools

Magnetic pick up tool holding pliers. Labelled; neodymium magnet Most pick-up tools have a strong neodymium magnet on the end which attracts ferromagnetic materials. When aimed at the intended object, the magnet will attract it to the pick-up tool. The object can then be pulled to reach.
  Wonkee Donkee says Materials that are magnetic must contain a ferromagnetic element these elements are;  iron, nickel, cobalt and gadolinium
Clawed pick up tool. Labelled; open and closed clawed end Clawed pick-up tools work to reach all objects. The handle is retractable to open and close the clawed end. Once the tool has reached the desired object, the handle is pulled to open the claws around the object, and released to close them around it.

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