A neodymium magnet is a permanent magnet made from an alloy of neodymium, iron, and boron that forms the Nd₂Fe₁₄B tetragonal crystalline structure. They are the most widely used type of rare-earth magnet. From Wikipedia
July shipments of EcoFlux magnets for full-size SUVs and trucks mark the beginning of a multi-year pact to strengthen U.S. supply chain resilience.