Neodymium magnets or commonly called as ndfeb magnets are widely used for different industrial applications. These magnets possess strong magnetic properties and great resistance towards demagnetization. This is why the neodymium magnet has proved to of great use supporting different industrial applications on a huge scale.
These are string permanent magnets which are found in bulk in the earth surface. Still, it is interesting that these magnets are called rare earth magnets. Well, this is because when these were discovered these were not expected to be in large sums.
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