How can there be neodymium magnets when neodymium is paramagnetic?

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Neodymium is classified as a paramagnetic material, yet neodymium magnets are made from ferromagnetic alloys that include neodymium. This distinction explains how permanent magnets can be created despite the paramagnetic nature of pure neodymium. The discussion also touches on the differences in magnetic properties between regular steel and stainless steel, as well as the magnetic characteristics of nickel compared to the coin. Understanding these concepts clarifies the behavior of various magnetic materials. The interplay of different magnetic properties is crucial in the functionality of neodymium magnets.
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Neodymium is a paramagnetic material, so how do we have a permanent neodymium magnet?
 
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Pure neodymium may be paramagnetic but neodymium magnets are ferromagnetic alloys that contain neodymium hence the name. Have you ever wondered why a permanent magnet sticks to regular steel but not to stainless steel?
 
Or why nickel is magnetic but nickles are not?
 

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