Neodymium rare earth magnet is nothing but a yellow-silvery metal which is extremely reactive and also it quickly turnishes in the air. These are the permanent magnets which are made from magnetized substances. However, these magnets create their own persistent magnetic field. The rare earth magnet comprises elements such as dysprosium, neodymium, and samarium. These types of magnets do not drop its own magnetic properties until they heat up with high temperature. The neodymium magnets industrially produced by sintering and casting and formed through the magnetic metallic composites and elements of rare earth materials.

It is a unique chemical which may found in houses in the form of equipment such as fluorescent lamps, glasses, color televisions, and energy-saving lamps. Neodymium magnets are produced by combining it with boron and iron. Hence, neodymium chemicals considered as one of the strongest rare earth magnets. Neodymium magnets are very important in today’s world. However, all rare earth neodymium chemicals have a number of unique properties. Neodymium is the rare metal in alloys which is specially used in lighter flints. However, NIB (Neodymium, Iron, and Boron) are the important alloys which are used to produce permanent magnets.

How to Process Neodymium Rare Earth Magnets

The neodymium rare earth magnets are process with the help of diamond grinding method. However, carbide tools are also useful in this process.

Neodymium Rare Earth Magnets Divided into Following Types:

•          Regular Neodymium Rare Earth Magnet

•          High corrosion resistant Neodymium Rare Earth Magnet

•          Bonded Neodymium Rare Earth Magnet

In above-mentioned types, the bonded neodymium rare earth magnet is formed through the injection of neodymium and plastic material into a mold. However, the formation process yields an extremely strong magnet that doesn’t need grinding.

The neodymium rare earth magnets are also known for their properties such as durability and extremely high-temperature resistance. However, these beneficial properties help them to make better and ideal magnets for a large number of industry applications.

Neodymium Rare Earth Magnet Market

Recently, China is one of the top suppliers in rare earth magnets supply which covers around 90% of the market across the globe. In addition, Japan is also one of the main markets for neodymium rare earth magnet. However, developed countries such as Western Europe and the US are utilizing a major portion of neodymium magnet products. Such products can be supplied from countries in the South Asian region. In recent years, the growing demand for effective magnets across several applications will drive the growth of neodymium rare earth magnet market.

Applications of Neodymium Rare Earth Magnet

•          Meters

•          Aerospace

•          Motors & Generators

•          Automotive

•          High-performance magnetic pot & clamps magnet

•          Separation

Advantages of Neodymium Rare Earth Magnet

•          Extremely powerful performance

•          Relatively inexpensive

•          Very easy to process as compared to the other magnets

•          It supplies more energy as compared to other magnets.