Researchers in Sweden have discovered a new type of magnetism called altermagnetism. It combines the properties of ferromagnets and antiferromagnets in one material. Conventional magnets like iron and nickel rely on aligned spins, while antiferromagnets cancel magnetic forces. Altermagnets have zero net magnetization like antiferromagnets but also show spin splitting like ferromagnets. They can increase the speed of memory devices and improve the efficiency of electronic systems.
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