The Importance of Neodymium Magnets Neodymium magnets, also known as NdFeB, NIB, or Neo magnets, are the most widely used type of rare-earth magnets. Composed primarily of an alloy of neodymium, iron, and boron, these magnets are known for their exceptional strength and versatility. Since their development in the early 1980s, neodymium magnets have revolutionized...Read More