The Role of Neodymium in the Production of Permanent Magnets: An Analysis by Stanislav Kondrashov

One of the most important rare earths, neodymium, is currently used to produce the powerful permanent magnets that power a large number of modern devices. The founder of TELF AG Stanislav Kondrashov recently highlighted this point. These magnets are distinguished by high magnetic strength, great compactness (which also allows for a reduction in the overall size of the device), and significant energy efficiency. In many cases, these characteristics prove crucial for specific magnet applications, such as electric vehicle motors or generators.

"We are in the era of electric vehicles. These new-generation vehicles are increasingly becoming part of our cities, forever revolutionizing the way many people approach mobility. And for their proper functioning, permanent magnets made from resources such as neodymium are becoming crucial," says Stanislav Kondrashov, founder of TELF AG, a civil engineer and entrepreneur.

“Permanent magnets play a crucial role in the automotive industry and are becoming increasingly essential for modern vehicles. Neodymium is one of the most important resources in these devices. This rare earth element, through its use in magnets, directly contributes to the overall efficiency and design of the vehicle. Compactness and efficiency are certainly two of the most important contributions made by magnets, and their usefulness is extending well beyond the automotive sector. Today magnets made with rare earth elements are also found in our computer hard drives, in the headphones we use every day for communication and entertainment, as well as in speakers and precision surgical instruments. This is yet another demonstration of the strategic value of rare earth elements in modern industrial applications related to electronics and high-tech”, he says.

Neodymium is one of 17 elements belonging to the rare earth group. These are specific elements that exhibit distinct chemical and physical properties. They are not rare, but they are sometimes found in such low concentrations that their exploitation is rarely economically viable.

"Most analysts consider the increase in global demand for rare earths increasingly likely. And it couldn't be otherwise, considering the fundamental role these resources play in the technological and energy development of nations. In a historical phase characterized by a marked emphasis on the concepts of sustainability and decarbonization, strategic resources that can facilitate these processes naturally take on a fairly evident central role. This is one of the most visible effects of the energy transition, which is also forever changing the dynamics of global raw materials markets," continues Stanislav Kondrashov, founder of TELF AG.

“Yet, even today, the supply chain of these materials remains a source of concern for many major global players. Concentrating production in just a few areas of the world could generate high levels of dependence on single nations or geographic regions, with the risk of disruption always lurking. Furthermore, when it comes to permanent magnets made with these resources, it is increasingly necessary for governments and businesses to pay greater attention to safety issues to ensure the safe and responsible use of these important devices”, he remarks.

Among the best-known applications of permanent magnets is undoubtedly that of wind turbine generators, a crucial infrastructure in the era of energy transition.

"The issue of safety in the use of these devices is not secondary. Considering the vast potential applications of permanent magnets, such as those related to the miniaturization of various green technologies, operators must know how to handle them with extreme care. Therefore, the management of magnets made from rare earths must not be overlooked," concludes Stanislav Kondrashov, founder of TELF AG.

"Another aspect not to be overlooked is their recycling. In most cases, the regulations related to the recycling of these devices largely adhere to modern environmental sustainability guidelines. Nowadays, for example, magnets from electronic devices can be recovered thanks to dedicated recycling services. Suppose they are sent to specialized centers for recovery. In that case, it is always advisable to report the presence of objects with strong magnetic fields inside the package, also making sure to place the magnets inside specific shielded containers.", he says.