Neodymium

A rare earth element metal, atomic number 60 in the periodic table, neodymium is combined with iron and boron to produce a magnet producing 7.5 times the magnetic gauss of standard ferrite magnets - the strongest permanent magnets known.

Neodymium, or more specifically the neodymium-iron-boron alloy, is often the material of choice for high end tweeter and midrange speaker magnets because of its high strength, light weight, and small size. It's often chosen for the magnets in headphones as well, for the same reasons. It is a rather expensive material as well, so it is not found in many entry-level speakers.

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