Neodymium magnets are the most sought-after magnets

Neodymium magnets are the most sought-after for their magnetic properties, this magnet is part of the group of permanent magnets. This type of magnet is made of an alloy of neodymium, iron, and boron. It is the strongest permanent magnet, which makes it particularly attractive for all kinds of industrial applications and that is why it is the most widely used.

Neodymium magnets have a high magnet attraction capacity to magnetic materials, which is greater than other magnets proportionally to their small dimensions. These powerful magnets have an attraction power 8 times higher than ferrite magnets. Neodymium magnets are usually coated with nickel for use in damp places.

Types of neodymium magnets

There are two types of neodymium magnets: sintered and bonded:

• Sintered neodymium magnets: these magnets can be magnetised in any direction. They also have a high resistance to demagnetisation and a good coercive force. On the other hand, they can be molded into various shapes such as blocks, discs, spheres, rings, segments, and special geometry. This type of neodymium magnet has a high cost and low precision when creating magnetic elements
• Bonded neodymium magnets: Unlike sintered neodymium magnets, these can be created at once without the need for a second process. They also can be converted into different shapes. Thanks to the ability to adapt different shapes, this magnet can be adapted to any application regardless of the complexity of the place where you want to place it.

Neodymium magnets have high resistance, i.e. they have a high capacity to retain magnetism in the element. They also have a high coercivity, in other words, the intensity of the magnetic field.

In our daily life, we can find them in many sectors, but the most important ones are the technology and automotive sectors.

Neodymium magnets, thanks to their excellent magnetic properties and durability, are still one of the most sought-after materials among manufacturers of cordless hand tools, pressure motors, electric power steering, and loudspeakers. However, the starting material for these magnets is manufactured exclusively in China. For this reason, many companies producing these magnets have recently faced price increases worldwide. The neodymium magnet is on the rise, as market demand is increasing.