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.
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.