Neodymium magnets are pricey and revered for their exceptional strength and wide-ranging applications. Several factors contribute to their high cost, making them a valuable yet costly commodity in various industries. Raw Material Scarcity Neodymium magnets are primarily crafted from neodymium, iron, and boron (NdFeB). Neodymium, a rare earth element, isn’t abundantly available and is mined […]






