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What is meant by "Rare Earth Magnets"?

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What is meant by "Rare Earth Magnets"?

Update Time:2018-12-04

SmCo (Samarium-Cobalt) and NdFeB (Neodymium-Iron-Boron) magnets belong to the "Rare Eearth" types since they contain Samarium or Neodymium. These elements are used in high-energy magnets.

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