Neodymium is a chemical element with the symbol Nd and atomic number 60. It is a rare earth metal that is silvery-white in color and is known for its strong magnetic properties. Neodymium is primarily used in the production of powerful magnets, which are essential in various applications, including electric motors, speakers, and hard disk drives. Discovered in 1885 by Carl Auer von Welsbach, neodymium is often found in minerals such as monazite and bastnäsite. It is typically extracted through chemical processes and is used in glass and ceramics to create vibrant colors. Neodymium plays a crucial role in modern technology, making it an important material in many industries.