A material that exhibits ferrimagnetic properties, having magnetic moments that partially cancel each other out.
Compound of 'ferri-' (iron-related) and 'magnet' from Greek 'magnēs' (lodestone). The term emerged in mid-20th century materials science to describe a specific class of magnetic materials different from ferromagnets.
Ferrimagnets are like magnets where the north and south poles partially fight each other instead of lining up—yet they're still magnetic! Most of the magnets in your phone and hard drives are actually ferrimagnets, not simple ferromagnets.
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