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The third generation of rare earth permanent magnet Neodymium iron boron is the most powerful permanent magnet among contemporary magnets. Its main raw materials include the metallic element iron 63.95-68.65%, the metallic element iron 63.95-1.2%, the non-metallic element boron 1.1-1.2%, the dysprosium 0.6-8%, niobium 0.3-0.5%, aluminum 0.3-0.5%, copper 0.05-0.15% and other elements.

Neodymium iron boron, also known as NdFeB magnet (NdFeB magnet) is a tetracrystal formed by neodymium, iron, boron (Nd2Fe14B).