Neodymium-Iron-Boron (NdFeB) is the most powerful type of rare-earth magnet and it used in many modern technology applications that require high performance permanent magnets, such as electric motors, generators, magnetic couplings, etc.
Thanks to the high performance of neodymium magnets, new application areas has started to use it where magnets were not used before, such as traction motors for electric vehicles, electric generators, new generation of sensors, wigglers, etc.
