Neodymium magnets are the most popular type of magnet. It is made of iron, boron, and neodymium. Nd2Fe14B is the chemical composition of Neodymium Magnet.
It is one of the strongest magnets in the world today. It is also one of the most permanent magnets in the world. The previous strongest named Alnico magnet is replaced by Neo magnets with strong molecular composition. To discover more details about neodymium magnet you may check here https://www.rochestermagnet.com/rare-earth-magnets/neodymium-magnets.
Image Source: Google
Since 1982, it has become a very important part of today's world. It's a very durable magnet used in many manufactured goods. Although since it is rare, the use of Neo magnets is expensive.
They are also used extensively in electronics technology. For example, your computer's hard drive has a head actuator made of Neo Magnet. It is also an important component of many kinds of manufacturing such products as automobiles, engines, and motors.
Surprisingly, jewelry is one of the industries in which neodymium is used. The jewelry sold millions of dollars every day has magnetic properties in it. Also, magnetic jewelry is known for its healing purposes since time immemorial.
This type of jewelry is used for the treatment of bone-related problems. Doctors even recommend using magnetic jewelry for depression and treatment of mental disorders.
In 1982, a special metal Sumimoto first to find a neodymium magnet. The company started developing it because they needed to replace the previous strongest magnets because of its high cost. Special Sumimoto Metalworking with General Motors on the creation of Neodymium.