Neodymium magnets (Nd-Fe-B) are composed of neodymium, iron, boron and a few transition metals. These magnets are extremely strong for their small size, metallic in appearance and found in simple shapes such as rings, blocks and discs.
Attributes of Neodymium Material
Very high resistance to demagnetization
High energy for size
Good in ambient temperature
Moderately priced
Material is corrosive and should be coated for long term maximum energy output
Low working temperature for heat applications, but higher levels of heat resistance materials are being introduced periodically