Definition
Ferrimagnetism occurs in materials where atomic magnetic moments align in opposite directions, but the magnitudes of the moments are unequal. This results in a net magnetic moment, making the material exhibit spontaneous magnetization, similar to ferromagnetism. Ferrimagnetic materials are usually oxides, like magnetite (Fe3O4). Imagine two teams in a tug-of-war, but one team is stronger; ferrimagnetism is like that, with opposing magnetic forces but one side winning. This property is useful in various magnetic storage devices and microwave applications.