In physics, a ferrimagnetic material is one that has populations of atoms with opposing magnetic moments, as in antiferromagnetism; however, in ferrimagnetic materials, the opposing moments are unequal and a spontaneous magnetization remains. This happens when the populations consist of different materials or ions (such as Fe2+ and Fe3+).
Ferrimagnetism is exhibited by ferrites and magnetic garnets. The oldest known magnetic substance, magnetite (iron(II,III) oxide; Fe3O4), is a ferrimagnet; it was originally classified as a ferromagnet before Néel's discovery of ferrimagnetism and antiferromagnetism in 1948.
Known ferrimagnetic materials include YIG (yttrium iron garnet), cubic ferrites composed of iron oxides and other elements such as aluminum, cobalt, nickel, manganese and zinc, hexagonal ferrites such as PbFe12O19 and BaFe12O19, and pyrrhotite, Fe1−xS.
Ferrimagnetic materials are like ferromagnets in that they hold a spontaneous magnetization below the Curie temperature and show no magnetic order (are paramagnetic) above this temperature. However, there is sometimes a temperature below the Curie temperature, at which the two opposing moments are equal, resulting in a net magnetic moment of zero; this is called the magnetization compensation point. This compensation point is observed easily in garnets and rare-earth–transition-metal alloys (RE-TM). Furthermore, ferrimagnets may also have an angular-momentum compensation point, at which the net angular momentum vanishes. This compensation point is a crucial point for achieving high speed magnetization reversal in magnetic memory devices.