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
Deliveries that began in July mark a step toward bolstering U.S. supply chain resilience for GM’s full-size SUVs and trucks.