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A neodymium magnet (also known as NdFeB, NIB or Neo magnet), the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Neodymium magnets are the strongest type of permanent magnet commercially available. They have replaced other types of magnets in many applications in modern products that require strong permanent magnets, such as motors in cordless tools, hard disk drives and magnetic fasteners.
The strength of neodymium magnets is due to several factors. The most important is that the tetragonal Nd2Fe14B crystal structure has exceptionally high uniaxial magnetocrystalline anisotropy (HA ~7 T – magnetic field strength H in units of A/m versus magnetic moment in A·m2). This means a crystal of the material preferentially magnetizes along a specific crystal axis, but is very difficult to magnetize in other directions. Like other magnets, the neodymium magnet alloy is composed of microcrystalline grains which are aligned in a powerful magnetic field during manufacture so their magnetic axes all point in the same direction. The resistance of the crystal lattice to turning its direction of magnetization gives the compound a very high coercivity, or resistance to being demagnetized.

The neodymium atom also can have a large magnetic dipole moment because it has 4 unpaired electrons in its electron structure as opposed to (on average) 3 in iron. In a magnet it is the unpaired electrons, aligned so they spin in the same direction, which generate the magnetic field. This gives the Nd2Fe14B compound a high saturation magnetization (Js ~1.6 T or 16 kG) and typically 1.3 teslas. Therefore, as the maximum energy density is proportional to Js2, this magnetic phase has the potential for storing large amounts of magnetic energy (BHmax ~ 512 kJ/m3 or 64 MG·Oe). This magnetic energy value is about 18 times greater than "ordinary" magnets by volume.
Neodymium magnets are graded according to their maximum energy product, which relates to the magnetic flux output per unit volume. Higher values indicate stronger magnets and range from N35 up to N52. Letters following the grade indicate maximum operating temperatures (often the Curie temperature), which range from M (up to 100 °C) to EH (200 °C).
Grades of Neodymium magnets:

Some important properties used to compare permanent magnets are:
Remanence (Br)
which measures the strength of the magnetic field
Coercivity (Hci)
the material's resistance to becoming demagnetized
Energy product (BHmax)
the density of magnetic energy
Curie temperature (TC)
the temperature at which the material loses its magnetism
 There are two principal neodymium magnet manufacturing methods:
•Classical powder metallurgy or sintered magnet process
•Rapid solidification or bonded magnet process

Sintered Nd-magnets are prepared by the raw materials being melted in a furnace, cast into a mold and cooled to form ingots. The ingots are pulverized and milled; the powder is then sinterd into dense blocks. The blocks are then heat-treated, cut to shape, surface treated and magnetized.method of sintering neodymium magnet material. The method exploits an "organic/inorganic hybrid technology" to form a clay-like mixture that can be fashioned into various shapes for sintering. Most importantly, it is said to be possible to control a non-uniform orientation of the magnetic field in the sintered material to locally concentrate the field to, e.g., improve the performance of electric motors.
Sintered Nd2Fe14B tends to be vulnerable to corrosion, especially along grain boundaries of a sintered magnet. .
This vulnerability is addressed in many commercial products by adding a protective coating to prevent exposure to the atmosphere. Nickel plating or two-layered copper-nickel plating are the standard methods, although plating with other metals, or polymer and lacquer protective coatings are also in use.
Bonded Nd-magnets are prepared by melt spinning a thin ribbon of the NdFeB alloy. The ribbon contains randomly oriented Nd2Fe14B nano-scale grains. This ribbon is then pulverized into particles, mixed with a polymer, and either compression- or injection-molded into bonded magnets. Bonded magnets offer less flux intensity than sintered magnets, but can be net-shape formed into intricately shaped parts, as is typical with Halbach arrays or arcs, trapezoids and other shapes and assemblies (e.g. Pot Magnets, Separator Grids, etc.). There are approximately 5,500 tons of Neo bonded magnets produced each year. In addition, it is possible to hot-press the melt spun nanocrystalline particles into fully dense isotropic magnets, and then upset-forge or back-extrude these into high-energy anisotropic magnets.
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