Neodymium magnet block magnet with countersunk hole

Neodymium is a ferromagnetic metal, meaning it is easily magnetized at a cost-effective price point. Out of all permanent magnets, Neodymium is the most powerful, and it has more lift for its size than samarium cobalt and ceramic magnets. Compared to other rare earth magnets such as samarium cobalt, big Neodymium magnets are also more affordable and resilient. Neodymium has the greatest power-to-weight ratio and a high resistance to demagnetization when used and stored at the correct temperatures.