Neodymium magnet, also known as NdFeB magnet, consists of neodymium, iron, and boron arranged in the Nd2Fe14B tetragonal crystalline structure. The development cycle of the NdFeB industry refers to the time experienced by the industry from its emergence to its complete withdrawal from socio-economic activities. The life cycle of the NdFeB industry mainly includes four stages of development: start-up period, growth period, maturity period and decline period.
