Neodymium - Alkane Resources Ltd
Level 12, 37 Bligh Street +61 2 8233 6168

Neodymium is the third most abundant rare earth element. It is one of the key raw materials in NdFeB permanent magnets, which are the primary driver of the rare earths industry, owing to a growing range of applications in electric motors. Magnets account for the majority of neodymium by weight, but the element is also used in a number of other applications – including as a dopant in the glass and ceramic industries, and as an alloying element for high-performance magnesium alloys to increase strength and corrosion resistance.