NdFeB Magnet is being used to produce high performance motors, relays, holding systems, magnetic bearings, magnetic couplings, magnetic switches, etc.
Rare Earth are the Neodymium (Nd) Iron (Fe) Boron (B) types and Samarium (Sm) Cobalt (Co) classes. The most commonly produced material is neodymium iron boron (NdFeB). This group of magnetic materials provides the highest available magnetic energies of any material. NdFeB magnets allow small shapes and sizes with high magnetic fields. Energy products range from 26 MGOe to about 45 MGOe. 
Many factors affect the choice of magnetic materials. Attached comparison table can help you select a right permanent magnet material for your application.
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