Magnet
A permanent magnet is an object made from a material that is magnetized and creates its own persistent magnetic field. An everyday example is a refrigerator magnet used to hold notes on a refrigerator door. Materials that can be magnetized, which are also the ones that are strongly attracted to a magnet, are called ferromagnetic (or ferrimagnetic). These include the elements iron, nickel and cobalt, some alloys of rare-earth metals, and some naturally occurring minerals such as lodestone. Although ferromagnetic (and ferrimagnetic) materials are the only ones attracted to a magnet strongly enough to be commonly considered magnetic, all other substances respond weakly to a magnetic field, by one of several other types of magnetism.
Bonded neo
Bonded neo powder is produced by processing specific combination of elements that result in distinct magnetic and physical characteristics. These powders are the primary material used in the manufacture of bonded rare earth permanent magnets, which, in turn, are used in motors and sensors utilized in a wide variety of products for consumer and industrial end markets. Neodymium metal, one of the rare earth elements, is the primary raw material in neo powder. It is alloyed with iron and boron, occasionally along with other elements in small quantities (such as cobalt). The alloy is melted and then rapidly solidified by melt spinning to produce neo powders with the desired characteristics for the manufacture of bonded neo magnets.