Since first being developed in the early 1980s, neo magnets have become the most commonly used type of rare earth magnet. They are also they the strongest kind of permanent magnet in use today. Neo magnets are formed when neodymium, iron and boron are combined into an alloy, giving off an intense magnetic field. Because they are so strong, they can do the same job that much larger magnets can do, all while helping to save valuable space. Neo magnets are one of the most versatile types of magnets on the market today, with applications that are ad varied as anything else. Some companies put neo magnets in computer hard…