Cemented carbide material comprising tungsten carbide (WC) material in particulate form having a mean grain size D in terms of equivalent circle diameter of at least 0.5 microns and at most 10 microns, and a binder phase comprising cobalt (Co) of at least 5 weight per cent and at most 12 weight per cent, W being present in the binder at a content of at least 10 weight per cent of the binder material; the content of the WC material being at least 75 weight per cent and at most 95 weight per cent; and nanoparticles dispersed in the binder material, the nanoparticles comprising material according to the formula CoxWyCz, where X is a value in the range from 1 to 7, Y is a value in the range from 1 to 10 and Z is a value in the range from 0 to 4; the nanoparticles having a mean particle size at most 10 nm, at least 10 per cent of the nanoparticles having size of at most 5 nm; the cemented carbide material having a magnetic coercive force in the units kA/m of at least −2.1XD+14.