Topic summary
Ferromagnet

Extracted from the Wikipedia article Ferromagnetism.
Materials
Ferromagnetism is an unusual property that occurs in only a few substances. The common ones are the transition metalsiron, nickel, and cobalt, as well as their alloys and alloys of rare-earth metals. It is a property not just of the chemical make-up of a material, but of its crystalline structure and microstructure. Ferromagnetism results from these materials having many unpaired electrons in their d-block (in the case of iron and its relatives) or f-block (in the case of the rare-earth metals), a result of Hund's rule of maximum multiplicity. There are ferromagnetic metal alloys whose constituents are not themselves ferromagnetic, called Heusler alloys, named after Fritz Heusler. Conversely, there are non-magnetic alloys, such as types of stainless steel, composed almost exclusively of ferromagnetic metals.