R-T compounds with R=rare earth and T=transition metal have become the
most important materials in modern hard magnet technology. The unusua
l magnetic properties of these materials originate from the interplay
between the strong crystal field anisotropy of the R atoms and the lar
ge magnetization and exchange interaction of the T atoms. Inelastic ma
gnetic neutron scattering can be employed to determine some relevant m
icroscopic parameters of magnetic compounds. We discuss a case where t
he crystal field interaction dominates the exchange interaction (NdCu2
, an intermetallic compound with low magnetic ordering temperature) an
d compare it to the situation in R-T hard magnets where the exchange i
nteraction J(RT) is much stronger than the crystal field interaction.
We discuss the experimental results for RFe2 and R2Fe14B compounds and
compare the microscopic parameters as deduced from different experime
ntal methods and from ab initio calculations.