The production and control of antihydrogen at very low temperatures provided a key tool to test the validity for the antimaterial of the fundamental principles of the interactions of nature such as the weak principle of equivalence (WEP), and CPT symmetry (Charge, Parity, and Time reversal). The work presented in this dissertation studies the collisions of electrons and positrons in strong magnetic fields that generate magnetobound positronium (positron-electron system temporarily bound due to the presence of a magnetic field) and its possible role in the generation of antihydrogen.