Neodymium magnet is also known as NdFeB or Neo Magnets these are made from Neodymium, Boron, Iron and other minor elements. Neodymium magnets are considered to be the strongest compared to Alnico, Samarium-Cobalt and Ferrite magnets.
Neodymium fishing magnet is essentially a large pot magnets. These are widely used for magnet fishing, hanging, retrieving applications and Industrial use. This kind of magnet is extremely popular in UK and USA as it essentially used for cleaning different water bodies and also a hobby for magnet fishing enthusiasts