Neodymium is a rare earth metal component mischmetal (mixed metal) which can be used to create powerful magnets. Neodymium magnets are the strongest known relative to their mass, with even small magnets able to support thousands of times their own weight. Although a [rare" earth metal, neodymium is widely available, leading to easily obtainable raw materials to manufacture neodymium magnets. Because of their strength, neodymium magnets are used in a broad range of applications, including jewelry, toys and computer equipment.