A rare-earth magnet is a strong permanent magnet made from alloys of rare-earth elements. Developed in the 1970s and 1980s, rare-earth magnets are the strongest type of permanent magnets made, producing significantly stronger magnetic fields than other types such as ferrite or alnico magnets. The magnetic field typically produced by rare-earth magnets can exceed 1.2 teslas, whereas ferrite or ceramic magnets typically exhibit fields of 0.5 to 1 tesla.
There are two types: neodymium magnets and samarium–cobalt magnets. Rare-earth magnets are extremely brittle and are vulnerable to corrosion, so they are usually plated or coated to protect them from breaking, chipping, or crumbling into powder.