A material with paramagnetism develops a magnetization parallel to a weak applied magnetic field intensity, with positive magnetic susceptibility and no spontaneous magnetization in its paramagnetic phase. Molecular oxygen is an example; it has unpaired electron spins.
A material with diamagnetism develops an induced magnetization opposing the applied magnetic field, with negative magnetic susceptibility. A closed-shell atom such as helium is an example; its orbital response is diamagnetic.
A ferromagnet has a spontaneously ordered magnetization below its Curie temperature, even in the limit of vanishing applied magnetic field. Iron below its Curie temperature is an example. Different magnetic domains can cancel the net moment of an unmagnetized bulk sample, despite nonzero local spontaneous magnetization.
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