How can there be neodymium magnets when neodymium is paramagnetic?

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SUMMARY

Neodymium magnets are not made from pure neodymium; instead, they are ferromagnetic alloys that include neodymium, which allows them to exhibit permanent magnetism. While pure neodymium is paramagnetic, the alloying process with other elements such as iron and boron transforms its magnetic properties. This discussion also highlights the differences in magnetic attraction between regular steel and stainless steel, as well as the magnetic properties of nickel compared to nickel coins.

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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?
 
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Or why nickel is magnetic but nickles are not?
 
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