Spin reversal in exchange-split bands creates an electron-hole excitation with energy for a majority-to-minority flip in the simple uniform model with . Its allowed continuum depends on occupied initial and empty final states. At all such allowed transitions have exchange energy ; finite momentum changes the thresholds. A collective ferromagnetic magnon can remain gapless below this continuum when spin rotation is exact. The continuum is not the same excitation as a longitudinal amplitude mode.
The edges of an itinerant spin-flip particle-hole continuum follow from both excitation energy and occupation constraints. Consider a zero-temperature three-dimensional parabolic-band model with majority states occupied for and an entirely empty minority band. For exchange splitting and , a majority-to-minority flip carrying wavevector has
For , the scalar product is bounded by , giving continuum edges
The extremes occur at opposite points of the occupied Fermi surface along . At the interval collapses to the single exchange energy .
The empty-minority assumption requires sufficient splitting; otherwise Pauli exclusion principle blocks some final states and the edges must be recomputed over the allowed region. These are independent particle-hole thresholds, not a calculation of the collective ferromagnetic magnon dispersion. A collective mode below the continuum can therefore have a different low-momentum energy scale.

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