Once the magnetic field is removed, the domains will remain aligned, resulting in a permanent magnet. This effect is known as hysteresis . Diamagnetism means that the molecules within a substance will align themselves to an external magnetic field. The external magnetic field induces currents within the material, which in turn result in an internal magnetic field in the opposite direction. This effect is usually quite small and disappears when the external magnetic field is removed.
Some materials are paramagnetic .
This is the case when the orbital and spin motions of the electrons in a material do not fully cancel each other, so that the individual atoms act like magnetic dipoles. These dipoles are randomly oriented, but will align themselves to an external magnetic field. However, when the field is removed, the material is no longer magnetized. Again, this effect is typically small. Neither diamagnetic nor paramagnetic materials exhibit magnetic domains.