Neodymium, with the chemical symbol Nd and atomic number 60, was discovered in 1885 by Austrian chemist Carl Auer von Welsbach. He isolated it from monazite, a mineral containing various rare earth elements. The name "Neodymium" is derived from the Greek words meaning "new element."
On Earth, neodymium is one of the more abundant lanthanides, constituting about 0.0028% of the Earth's crust. It is primarily found in minerals such as monazite and bastnäsite. Neodymium is a silvery-white, reactive metal.
Neodymium is renowned for its use in neodymium-iron-boron magnets, which are the strongest commercially available magnets. These magnets find applications in electric motors, wind turbines, headphones, and various other electronic devices. Future applications could evolve in energy generation, particularly in the advancement of electric vehicles and renewable energy technologies. Research is focused on sustainable and efficient utilization of neodymium to propel future technologies forward.