Electrons contribute magnetic response through both spin and orbital motion. In an ordinary weakly interacting metal, a field splits the two spin energies. Only states near the Fermi energy can change occupancy because of the Pauli exclusion principle, producing Pauli paramagnetism. For a total two-spin density of states , the simple result is . Orbital cyclotron motion gives Landau diamagnetism; for an isotropic parabolic free-electron band it contributes . Filled shells can also supply a diamagnetic background.
Interactions can favor parallel spin occupancy. In an itinerant description, the exchange-energy gain competes with the kinetic-energy cost of redistributing electrons between spin bands. The Stoner criterion describes when an unpolarized state becomes unstable, with the precise factor in depending on whether the density of states counts one spin or both. This mechanism can yield spontaneous ferromagnetism and magnetic domains. Alternatively, sufficiently localized moments in a metal can interact through conduction electrons. A high density of states alone is therefore not a complete microscopic explanation of a material's magnetism; band structure, electron interactions and temperature matter.
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