Magnet
Many materials have unpaired electron spins, and the majority of these materials are paramagnetic. When the spins interact with each other in such a way that the spins align spontaneously, the materials are called ferromagnetic (what is often loosely termed as magnetic). Because of the way their regular crystalline atomic structure causes their spins to interact, some metals are ferromagnetic when found in their natural states, as ores. These include iron ore (magnetite or lodestone), cobalt and nickel, as well as the rare earth metals gadolinium and dysprosium (when at a very low temperature). Such naturally occurring ferromagnets were used in the first experiments with magnetism. Technology has since expanded the availability of magnetic materials to include various man-made products, all based, however, on naturally magnetic elements.
Magnet
In the 1990s, it was discovered that certain molecules containing paramagnetic metal ions are capable of storing a magnetic moment at very low temperatures. These are very different from conventional magnets that store information at a magnetic domain level and theoretically could provide a far denser storage medium than conventional magnets. In this direction, research on monolayers of SMMs is currently under way. Very briefly, the two main attributes of an SMM are:Most SMMs contain manganese but can also be found with vanadium, iron, nickel and cobalt clusters. More recently, it has been found that some chain systems can also display a magnetization that persists for long times at higher temperatures. These systems have been called single-chain magnets.