Magnetism
Magnetism is a class of physical phenomena that are mediated by magnetic fields. Electric currents and the magnetic moments of elementary particles give rise to a magnetic field, which acts on other currents and magnetic moments. The most familiar effects occur in ferromagnetic materials, which are strongly attracted by magnetic fields and can be magnetized to become permanent magnets, producing magnetic fields themselves. Only a few substances are ferromagnetic; the most common ones are iron, nickel and cobalt and their alloys. The prefix "" refers to iron, because permanent magnetism was first observed in lodestone, a form of natural iron ore called magnetite, FeO.
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.