Neodymium (also known as "NdFeb", "NIB" or "Neo") disc magnets are the most powerful rare-earth magnets available today. Available in disc and cylinder shapes, Neodymium magnets have magnetic properties that far exceed all other permanent magnet materials. They are high in magnetic strength, moderately priced and able to perform well in ambient temperatures. As a result, they are the most widely-used Rare-Earth magnets for industrial, technical, commercial and consumer applications.