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In physics, magnetism is one of the phenomena by which materials exert an attractive or  repulsive force on other materials. Some well known materials that exhibit easily detectable  magnetic properties are iron, some steels, and the mineral lodestone; however, all materials  are influenced to greater or lesser degree by the presence of a magnetic field.

Magnetic forces are fundamental forces that arise from the movement of electrical charge.  Maxwell's equations and the Biot-Savart law describe the origin and behavior of the fields  that govern these forces. Thus, magnetism is seen whenever electrically charged particles  are in motion. This can arise either from movement of electrons in an electric current,  resulting in "electromagnetism", or from the quantum-mechanical spin and orbital motion of  electrons, resulting in what are known as "permanent magnets". Electron spin is the dominant  effect within atoms. The so-called 'orbital motion' of electrons around the nucleus is a  secondary effect that slightly modifies the magnetic field created by spin.
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Last Updated: Sep 2009
What is Magnetism?
When given a treatment with relativity in mind, depending on the frame of reference,  electromagnetic forces acting on an object partition differently into magnetic and electric  fields. In fact, for this reason, magnetism can be considered a direct consequence of  relativity.

Normally, magnetic fields are seen as dipoles, having a "South pole" and a "North pole";  terms dating back to the use of magnets as compasses, interacting with the Earth's magnetic  field to indicate North and South on the globe.

A magnetic field contains energy, and physical systems stabilize into the configuration with  the lowest energy. Therefore, when placed in a magnetic field, a magnetic dipole tends to  align itself in opposed polarity to that field, thereby canceling the net field strength as  much as possible and lowering the energy stored in that field to a minimum. For instance,  two identical bar magnets normally line up North to South resulting in no net magnetic  field, and resist any attempts to reorient them to point in the same direction. The energy  required to reorient them in that configuration is then stored in the resulting magnetic  field, which is double the strength of the field of each individual magnet. (This is, of  course, why a magnet used as a compass interacts with the Earth's magnetic field to indicate  North and South).
What is Magnetism?
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