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Magnetic hysteresis occurs when an external magnetic field is applied to a ferromagnet such as iron and the atomic dipoles align themselves with it. Even when the field is removed, part of the alignment will be retained: the material has become magnetized. Once magnetized, the magnet will stay magnetized indefinitely. To demagnetize it requires heat or a magnetic field in the opposite direction. This is the effect that provides the element of memory in a hard disk drive.
    When a ferromagnetic material is magnetized in one direction, it will not relax back to zero magnetization when the imposed magnetizing field is removed. It must be driven back to zero by a field in the opposite direction. If an alternating magnetic field is applied to the material, its magnetization will trace out a loop called a hysteresis loop. The lack of retraceability of the magnetization curve is the property called hysteresis and it is related to the existence of magnetic domains in the material. Once the magnetic domains are reoriented, it takes some energy to turn them back again. This property of ferrromagnetic materials is useful as a magnetic "memory". Some compositions of ferromagnetic materials will retain an imposed magnetization indefinitely and are useful as "permanent magnets". The magnetic memory aspects of iron and chromium oxides make them useful in audio tape recording and for the magnetic storage.

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