Applications:

Neodymium is the most abundant of the rare earths after cerium and lanthanum. It can be found in monazite and bastnäsite ores.
It is a reactive metal and it reacts with oxygen forming oxide which breaks into small particles leading to more oxidation of the metal.

Neodymium has excellent magnetic properties. Its magnets are the strongest permanent magnets known. It is used in electronics such
as computer hard drives, loudspeakers, microphones, ear buds, and hearing aids. Neodymium magnets are also found in many products,
such as elevators, hybrid cars, industrial motors, air conditioners, industrial tools and electricity turbine generators. Neodymium is also
used as a dopant agent in glass and optical fiber industry.