The aim of this work is to investigate the effect of very fine grain sizes on the spinodal decomposition in the Alnico system. Commercial Alnico 5 was melted and melt-spun with varying copper wheel speeds, which led to a grain size of 1-2 mu m. This value was further reduced to sub-micrometer size by a small addition of Boron (1 at%). The spinodal decomposition was induced through a two-step annealing treatment under magnetic field in the range of 600-900 degrees C. It was found that the size of the spinodal structures is not influenced much by increased wheel speeds but becomes smaller with the addition of Boron. However, the difference in coercivity between the samples with and without Boron is only 50 Oe (4 kA/m). To study the influence of the annealing treatment two sets of samples are compared, one with the highest coercivity (366 Oe/29 kA/m) and the other one with lower coercivity (180 0e/14.5 kA/m). We found with Scanning transmission electron microscopy Energy-dispersive X-ray spectroscopy (STEM EDX) a much sharper chemical interface between the al and oc2 precipitates in the former sample, which we attribute to be the main reason for the higher coercivity. (C) 2016 Elsevier B.V. All rights reserved.