“…Neodymium–iron–boron magnets, also known as Nd–Fe–B magnets, have been the most promising permanent magnets since they were introduced to the market in 1984 . Their high-energy product, with a theoretical maximum of 512 kJ/m 3 , makes them particularly useful for enhancing the efficiency of motors and computer hard drives. , Therefore, they are widely used in clean energy, transport, and high-tech applications such as laptop hard drives, electric generators in water turbines, and hybrid and electric vehicles. , Additionally, because lightweight products to support equipment miniaturization is attracting increasing interest, the demand for Nd–Fe–B magnets is also expected to continually increase, particularly in the clean energy and transport sectors. , Hence, the demand for Nd–Fe–B magnets is expected to increase continuously until 2050 . Rare-earth elements (REEs), including Nd and Dy, have become an essential part of modern industry. − Nd–Fe–B magnets contain 31–32 wt % REEs, mainly Nd and some Dy .…”