Neodymium magnets are the strongest category of permanent magnets on earth. They are rare-earth magnets that are able to store a large amount of magnetic energies. They were the first rare-earth magnets to be used in applications that have become commercialized in the industries of manufacturing and production. The neodymium magnet was originally commercialized by General Motors in 1982 to be an alternative to other types of permanent magnets because of their lower cost, but later, it was a financial solution for other companies in various industries. Eventually, new techniques eliminated disadvantages that led to machinery damage as nickel plating More >