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Magnet is any material capable of attracting iron and producing a magnetic field outside itself. Sintered NdFeB magnets (also known as "neo" magnets) are among the most popular magnets in the market today. NdFeB magnets are used in making many tools / equipment such as communication tools, computer devices, motors, sensors, speakers and medical treatment instruments just to mention a few tools / equipment. Magnetic tools are designed to remove metal fragments from areas that they are hazards to health or operating machinery, including: pens, wands, rods, magnetic swarf cleaners and rare earth magnetic fixing plates.