👉 Paramagnetism is a type of magnetic property that occurs when a material has an electric current flowing through it. In other words, paramagnetism describes how a substance behaves when there is an electric current passing through it. A paramagnetic material is one that can be magnetized by the presence of an applied electric field, but will not be magnetized if no electric field exists. This means that a paramagnetic material can have both ferromagnetic and antiferromagnetic properties at the same time