The structure and anisotropic magnetization of One-dimensional (1D) Nd/Co/PA66 coaxial nanocables prepared by a low cost physical infiltration and electrodeposition methods are investigated. The preparation of Co nanotubes, Co/PA66 two-layer nanotubes and Nd/Co/PA66 three-layer nanocales is described, respectively. The structure, chemical composition and magnetic properties of various nanomaterials were investigated. The results show that the magnetic properties were affected by the rare earth metal Nd and the structural properties. The residual magnetization ratio of Nd/Co/PA66 nanocables is the biggest due to the synergistic effect of Nd and Co. In addition, the magnetization processes of the nanostructure were discussed in detail. We believe that these methods may provide an idea for ferromagnetic alloys and permanent magnet material and suitable for future applications in perpendicular recording media.