Neodymium is the critical material for a neodymium-iron-born magnet (Nd2Fe14B), the strongest type of permanent magnet and the most widely used in electric motors in hybrid “HEV” and electric vehicles “EV”, wind turbine generators, high-speed rail, robotics, medical devices, electric motors, hard disk drives, mobile devices, military applications, Internet of Things (IOT) applications and automotive industry components etc.
Neodymium yttrium aluminum garnet (Nd:YAG) lasers are the most widely used in commercial and military applications. They are used for cutting, welding, scribing, boring, ranging, and targeting.