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How do magnets really work?

Magnets can attract or repel without even touching, but how does that happen? This video explains how magnetic fields work ...
The magnet is the characteristic substance that draws in the ferromagnetic material like iron or nickel by the force of attraction. Individuals depend on magnets for industrial and commercial use.
An MIT research team has observed a previously unseen form of magnetism, one that sits outside the familiar categories of ferromagnets and antiferromagnets. The discovery, termed p-wave magnetism, ...