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Neodymium magnet on white. Adobe Stock

High-performance cerium-based permanent magnet materials have been developed to reduce reliance on scarce rare-earth elements.

Neodymium Magnets / Adobe Stock

A new permanent magnet composition, LaNdFe1Co2B, utilizes a reduced amount of critical rare earth elements while maintaining energy products as high as 37 MG-Oe (for a 25% substitution of Nd by La) , and potentially excellent performance at elevated