Magnet
Rare earth (lanthanoid) elements have a partially occupied "f" electron shell (which can accommodate up to 14 electrons). The spin of these electrons can be aligned, resulting in very strong magnetic fields, and therefore, these elements are used in compact high-strength magnets where their higher price is not a concern. The most common types of rare-earth magnets are samarium-cobalt and neodymium-iron-boron (NIB) magnets.
Magnet
In the 1990s, it was discovered that certain molecules containing paramagnetic metal ions are capable of storing a magnetic moment at very low temperatures. These are very different from conventional magnets that store information at a magnetic domain level and theoretically could provide a far denser storage medium than conventional magnets. In this direction, research on monolayers of SMMs is currently under way. Very briefly, the two main attributes of an SMM are:Most SMMs contain manganese but can also be found with vanadium, iron, nickel and cobalt clusters. More recently, it has been found that some chain systems can also display a magnetization that persists for long times at higher temperatures. These systems have been called single-chain magnets.