Magnet
Many materials have unpaired electron spins, and the majority of these materials are paramagnetic. When the spins interact with each other in such a way that the spins align spontaneously, the materials are called ferromagnetic (what is often loosely termed as magnetic). Because of the way their regular crystalline atomic structure causes their spins to interact, some metals are ferromagnetic when found in their natural states, as ores. These include iron ore (magnetite or lodestone), cobalt and nickel, as well as the rare earth metals gadolinium and dysprosium (when at a very low temperature). Such naturally occurring ferromagnets were used in the first experiments with magnetism. Technology has since expanded the availability of magnetic materials to include various man-made products, all based, however, on naturally magnetic elements.
Neodymium
Neodymium is typically 10–18% of the rare-earth content of commercial deposits of the light rare-earth-element minerals bastnäsite and monazite. With neodymium compounds being the most strongly colored for the trivalent lanthanides, it can occasionally dominate the coloration of rare-earth minerals when competing chromophores are absent. It usually gives a pink coloration. Outstanding examples of this include monazite crystals from the tin deposits in Llallagua, Bolivia; ancylite from Mont Saint-Hilaire, Quebec, Canada; or lanthanite from the Saucon Valley, Pennsylvania, United States. As with neodymium glasses, such minerals change their colors under the differing lighting conditions. The absorption bands of neodymium interact with the visible emission spectrum of mercury vapor, with the unfiltered shortwave UV light causing neodymium-containing minerals to reflect a distinctive green color. This can be observed with monazite-containing sands or bastnäsite-containing ore.Neodymium magnets (actually an alloy, NdFeB) are the strongest permanent magnets known. A neodymium magnet of a few grams can lift a thousand times its own weight. These magnets are cheaper, lighter, and stronger than samarium–cobalt magnets. However, they are not superior in every aspect, as neodymium-based magnets lose their magnetism at lower temperatures and tend to rust, while samarium–cobalt magnets do not.