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In mixed-valence manganites, mobile $e_g$ electrons hop between sites whose localized $t_{2g}$ core spins are coupled to them by strong Hund's coupling. Projecting onto local spin-aligned states gives the double-exchange mechanismAlignment maximizes the hopping bandwidth and lowers carrier kinetic energy, favouring ferromagnetism. This involves real charge transfer, unlike insulating superexchange. Heating disorders core spins and reduces coherent transport; a magnetic field aligns spins, increasing mobility and reducing resistivity. The large negative response near the magnetic transition is colossal magnetoresistance.

Double exchange supplies the conduction–magnetism link, but its simplest spin-only model is insufficient for the full resistivity change. Lattice distortions, Jahn-Teller effect and carrier localization can amplify the effect; materials need not obey a universal resistivity-versus-magnetization law.^[ref][ref]