Magnets are elements that produce magnetic fields. This magnetic field isn't visible but is still responsible for a high percentage of a magnet's noticeable properties. These magnetic properties can either be temporary or permanent. Rare earth neodymium magnets are permanent magnets. These types of magnets are useful in various industries, from the electronic industry to the healthcare industry. Before using a neodymium magnet in your operations, it is crucial to learn about the critical properties to analyse.