Rubber-covered neodymium magnets emerged to address issues with rust and peeling in normal steel pots with Nickel, Zinc, or Chrome coating. Neodymium magnets, also called NdFeB or Neo magnets, are a popular rare-earth magnet type. Comprising neodymium, iron, and boron, they form the Nd2Fe14B tetragonal crystalline structure. Widely used for their strength, they are gradually replacing traditional fastening methods such as welding and bolt fixation. This transition not only shortens installation time but also significantly reduces overall installation costs.