What creates magnetism in magnets?

If the alignment of unpaired electrons persists without the application of an external magnetic field or electric current, it produces a permanent magnet. Permanent magnets are the result of ferromagnetism. read more

This creates a toroidal, or doughnut-shaped field, as the direction of the field propagates outward from the north pole and enters through the south pole. The Earth itself is a giant magnet. The planet gets its magnetic field from circulating electric currents within the molten metallic core, according to HyperPhysics. read more

A magnet is basically the substance that possess magnetic field.It attracts ferrous objects like pieces of iron, steel, nickel and cobalt. In the early days, the Greeks observed that the naturally occurring 'lodestone' attracted iron pieces. read more