The Neodymium is a rare earth metal which can be used to create powerful magnets. Neodymium magnet is the strongest known relative to its mass, with even very small magnets able to support thousands of times their own weight. Due to their unbeatable strength, Neodymium magnets have become the most commonly used Rare-earth magnets that are available in various shapes, sizes and grades. Although "rare"earth magnets, Neodymium magnets have non-rare applications as elaborated below:
•Automotive & Maglev
e.g. Neodymium magnets’ dynamic capabilities have even lead to them being used in levitation devices.
e.g. magnetic resonance imaging (MRI)
•Automation & Machinery
e.g. magnetic bearings and couplings
e.g. Neodymium magnets are being sent into space to help collect dust from the surface of Mars.
•Defense / Military
From battery to precision bombs, almost all weapon equipments need Neodymium magnets
•Electric Motors, Generators and Energy Industry
•Loudspeakers and headphones, Sensors, Instrumentation
•Research & Academic Neodymium
With the wide-ranging applications and the many others still remaining to be discovered, Neodymium magnets and the chemical element is now enjoying a continuous and intensive R & D in researches and academic research and academic institutions.