Exchange spring magnet
The magnetostatic energy is the energy stored in the field generated by a material's magnetic moments. The magnet's field reaches its maximum intensity if all the magnetic moments orient in one direction; this is what occurs in a hard magnet. In order to prevent building up the magnetic field, sometimes magnetic moments tend to form loops. That way, the energy stored in the magnetic field can be constrained; this is what occurs in a soft magnet. What determines whether a magnet is hard or soft is the dominant term of its magnetic energy. For hard magnets, the anisotropy constant is relatively large, making the magnetic moments align with easy axis. The opposite case applies to soft magnets, in which the magnetostatic energy is dominant.
Force
where formula_48 is the magnitude of the hypothetical test current and formula_49 is the length of hypothetical wire through which the test current flows. The magnetic field exerts a force on all magnets including, for example, those used in compasses. The fact that the Earth's magnetic field is aligned closely with the orientation of the Earth's axis causes compass magnets to become oriented because of the magnetic force pulling on the needle.