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Neodymium magnets are a member of the rare-earth magnet family.  They are called "rare earth" because neodymium is a member of the "rare earth" elements on the periodic table.  Neodymium magnets are the strongest of the rare earth magnets and are the strongest permanent magnets available in the world.

 

Neodymium magnets are actually composed of neodymium, iron and boron (they are also referred to as NIB magnets).  The powdered mixture is pressed under great pressure into molds.  The material is then sintered (heated under a vacuum), cooled, and then ground or sliced into the desired shape.  Coatings are applied (optional).  Finally, the blank magnets are magnetized by exposing them to an extremely powerful magnetic field.

Neodymium, atomic no.: 60, symbol as Nd, weight at 144.24, is the most abundant of the rare earths after cerium and lanthanum. It shows similar characteristics to the other trivalent lanthanides.
Primary applications include lasers, glass coloring and tinting, dielectrics and, most importantly, as the fundamental basis for neodymium-iron-boron (Nd2Fe14B) permanent magnets.


The neodymium-based magnet was first introduced in 1982 simultaneously by Sumitomo Specialty Metals (Japan) and General Motors (USA) and commercialized in 1986. It is used extensively in the automotive industry with many applications including starter motors, brake systems, seat adjusters and car stereo speakers. Its largest application is in the voice coil motors used in computer disk drives.


Neodymium has a strong absorption band centered at 580 nm, which is very close to the human eye's maximum level of sensitivity making it useful in protective lenses for welding goggles. It is also used in CRT displays to enhance contrast between reds and greens. It is highly valued in glass manufacturing for its attractive purple coloring to glass.
Neodymium is included in many formulations of barium titanate, used as dielectric coatings and in multi-layer capacitors essential to electronic equipment.


Yttrium-aluminum-garnet (YAG) solid-state lasers utilize neodymium because it has optimal absorption and emitting wavelengths. Nd-based YAG lasers are used in various medical applications, drilling, welding and material processing.