Uses of Neodymium
Neodymium is used with iron and boron to create powerful permanent magnets, also called NIB magnets. NIB magnets are used in computers, cell phones, medical equipment, toys, motors, wind turbines and audio systems.
Neodymium is used as a crystal (neodymium-doped yttrium aluminum garnet) in lasers. These ND:YAG lasers have numerous applications. For example, they are used in medicine to treat skin cancers and for laser hair removal; and in industry they are used to cut and weld steel.